On April 26, at the opening ceremony (signing ceremony) of the establishment of the Maoming Binhai New Area in Guangdong Province, Baling Petrochemical signed a letter of intent for the construction of 200,000 tons of caprolactam per year with Maoming Petrochemical and Maoming City Government of Guangdong.
In order to further increase domestic caprolactam market share of Sinopec and replace imported products, Sinopec has adopted the unified deployment of industry layout and close to the market to entrust Baling Petrochemical and Maoming Petrochemical to adopt Sinopec’s proprietary intellectual property rights package in the Binhai New Area of ​​Maoming. Caprolactam new technology, cooperation to build an annual output of 200,000 tons caprolactam project. The total investment of the project is 3.3 billion yuan. Under the guidance of the headquarters of Sinopec, Baling Petrochemical and Maoming Petrochemical and Maoming Binhai New Area reached a consensus on the joint construction of caprolactam projects. The feasibility study report has been reported to China Petrochemical Headquarters.
Zhu Jianmin, general manager of Baling Petrochemical said that caprolactam is one of Baling Petrochemical's advantageous businesses and the company will effectively speed up the pace of development. During the “Twelfth Five-Year Plan†period, Baling Petrochemical will implement an annual capacity of 300,000 tons and an annual output of 400,000 tons of caprolactam in the Hunan Yueyang headquarters. At the same time, three sets of caprolactam with an annual output of 200,000 tons will be constructed in different places in Zhejiang, Fujian and Guangdong. The project will form a production scale of millions of tons of caprolactam and strive to build a world-class caprolactam production enterprise. Baling Petrochemical will sincerely cooperate with Maoming Petrochemical and Maoming Binhai New Area to accelerate the construction of caprolactam project with an annual output of 200,000 tons, and strive to start construction and put into operation as soon as possible during the year.
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