6万吨/年聚甲醛项目签约

Core Viewpoint - The article highlights the strategic development of Xinjiang New Energy Chemical Co., which is advancing its methanol-formaldehyde-polyformaldehyde industrial chain through significant projects, including a recent EPC contract for a 60,000 tons/year polyformaldehyde project, aiming to become a leading production base in China [1][2]. Group 1: Project Developments - Xinjiang New Energy Chemical Co. signed an EPC contract for a 60,000 tons/year polyformaldehyde project with China Chemical Engineering Ningbo [1]. - The first phase of the polyformaldehyde project, with a capacity of 40,000 tons/year, was completed with an investment of 1.3 billion yuan, achieving trial production in July 2021 [2]. - The second phase of the project, with a capacity of 60,000 tons/year, has a total investment of 1.5 billion yuan, enhancing the value-added transformation of methanol [2]. Group 2: Market Context - Polyformaldehyde is recognized as one of the five major engineering plastics, widely used in high-end manufacturing sectors such as automotive and military, indicating a broad market potential [2]. - Currently, China's polyformaldehyde production capacity is expected to exceed 800,000 tons/year by the end of 2024, with several new projects coming online [3]. - The global polyformaldehyde production capacity is approximately 2 million tons/year, with major international players like DuPont and BASF involved in the market [3].