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<img src='/images/172532729064114.jpg' alt='Hong Baoli: Announcement on the successful trial production of the wholly-owned subsidiary Taixing Chemical Company with an annual output of 120,000 tons of propylene oxide‘>
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Announcement on successful trial production of Taixing Chemical Co., Ltd. with an annual output of 120,000 tons of propylene oxide
Hongbaoli Group Co., Ltd. (hereinafter referred to as the “Company”) disclosed the “Announcement on the Progress of the Wholly Owned Subsidiary Taixing Chemical Company’s Annual Production of 120,000 Tons of Propylene Oxide Project” on October 18, 2018 (No.: Lin 2018-036), the company’s wholly-owned subsidiary Hongbaoli Group Taixing Chemical Co., Ltd. has obtained a trial production license for the “Propylene Oxide Project with an annual output of 120,000 tons”, and entered the trial production stage in mid-November 2018. Recently, the trial production of the project has gone smoothly, the process has been opened up, and qualified products have been produced, and the product quality has also reached the top level.
The company’s annual production of 120,000 tons of propylene oxide project adopts a new co-oxidation process independently developed, which is the first device for this process in China. The successful trial production of the project indicates that the company has successfully extended the industrial chain to the upstream raw material field. The construction of the industrial chain will add impetus to the company’s development and open up future development space, which will help the company to further expand its asset scale and overall strength, enhance its competitiveness, and promote The company continues to develop; at the same time, it will be of great significance to my country’s propylene oxide industry to fully implement the national environmental protection policy, promote supply-side reform, and promote industry development.
Propylene oxide is mainly used in the production of polyether polyols, propylene glycol, propylene glycol ethers, dipropylene glycol ethers, flame retardants, synthetic lubricants, surfactants, propylene carbonate, etc., and its application fields are all over the basic industry , national defense and all aspects of people’s daily life, propylene oxide is the main raw material of the company’s main product rigid foam combination polyether and isopropanolamine.
It will take some time for the trial production and operation of the project, and the device load will be gradually increased in the future. Investors are reminded to pay attention to investment risks.
Announcement hereby.
Board of Directors of Hongbaoli Group Co., Ltd.
January 9, 2019
