Communicator

Sinopec established Shanghai Jinshan Petrochemical Carbon Fiber Co., Ltd.

Wuhan Yuxiang Technology, 2024-10-03

In June 2021, Sinopec's Shanghai Petrochemical registered Shanghai Jinshan Petrochemical Carbon Fiber Co., Ltd., a wholly-owned subsidiary of Sinopec. The new company focuses on breakthroughs and industrialization of carbon fiber technology. It not only participates in the research and development and production of new carbon fiber materials and downstream composite materials, but also involves the operation and after-sales service of the carbon fiber product market.

"The King of New Materials"! China's first large-tow carbon fiber production line was delivered!

Government Affairs: Sinopec 2022-08-16

Sinopec Shanghai Petrochemical has achieved a significant milestone with the completion of China's first large-tow carbon fiber production line. This makes them the first company in China and the fourth globally to master large-tow carbon fiber production technology.

Large-tow carbon fiber contains more than 48,000 filaments per bundle (48K), compared to the current domestic standard of 1,000-12,000 filaments. This new material contains over 95% carbon content and possesses remarkable properties - it's one-fourth the weight of steel but 7-9 times stronger, with excellent corrosion resistance.

The project represents several key achievements:
▪️ All equipment is domestically produced in its first phase.
▪️ Sinopec holds 274 patents in carbon fiber technology, with 165 granted, ranking first domestically and third globally.
▪️ The technology will significantly increase production capacity and reduce costs of carbon fiber manufacturing.

This achievement will help reduce China's dependence on imported large-tow carbon fiber and promote high-quality development of domestic carbon fiber industry.

Sinopec Produces China's First Batch of Large Tow Carbon Fiber

SHANGHAI, Oct. 14, 2022 – China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has successfully produced China's first batch of large tow carbon fiber at the company's production base in Shanghai, making the company the first in the country and fourth in the world to possess large tow carbon fiber technology. 

Sinopec's production line has adopted its self-developed PAN (polyacrylonitrile) base large tow precursor and carbon fiber technologies. The project is being implemented in two phases and expects to be in full production in 2024, projecting an annual production capacity of 24,000 tons of protofilament and 12,000 tons of large tow carbon fiber.

Large tow carbon fiber refers to roving that contains 48,000 filaments or more. The high-performance material is often referred to as the "king of new material" and "black gold." The product developed and manufactured by Sinopec Shanghai is a new type of high-strength carbon fiber with a carbon content of over 95 percent. It has outstanding excellent mechanical properties and a specific gravity that's less than one fourth of the steel, yet a strength that's seven to nine times stronger. It is also corrosion resistant.

As the material can be widely used in producing parts and components, it is expected to be used for an increasing amount of industrial infrastructure projects in China, including ones related to wind power, solar power, high-speed rail, and aviation.

"Sinopec has customized a special production line for large tow carbon fiber, including production equipment and techniques, which has enabled us to design oxidizing furnaces and carbide furnaces that revolutionizes not only the core technology of temperature field control, but also has a revolutionary energy-saving design, marking a major milestone in the development of China's carbon fiber industry," said Huang Xiangyu, carbon fiber expert and deputy general manager of Sinopec Shanghai.

Sinopec now owns 251 patents related to carbon fiber and 46 patents for carbon fiber composite materials, the largest number in China and third in the world, and through scaled up investment and industrial layout, Sinopec is committed to being a major contributor to the development of China's carbon fiber industry.

Shanghai Petrochemical inaugurates its carbon fibre composite experimental base

Oct. 24, 2024 – Shanghai Petrochemical carbon fibre composite experimental base opened. This initiative reflects the requirements and efforts of Chinese conglomerate Sinopec (parent company of Shanghai Petrochemical) to build a world-class carbon fibre industrial base.

This will effectively achieve a seamless transition from small trials to pilot trials, and then to industrialised technology development, forming a series of solutions from composite material development to application, and further giving full play to industry, academia and research. 

At present, a number of experimental production lines have been built or are under construction, including a thermoplastic panel line, a thermoplastic prepreg line, a thermoset prepreg line, a panel pultrusion line, a threaded bar pultrusion line, a fabric pultrusion line and a high-performance resin line. The resin line has pilot and mass production capabilities for composite materials with thermosetting and thermoplastic properties, and diversified preparation processes.

In the future, Shanghai Petrochemical says it will continue to improve its technical level and production capacity, actively moving towards the goal of “strengthening and optimising the new materials industry with carbon fibre as the core“.

Photo: Polyvinyl chloride plant of Guangxi Huayi Chlor-Alkali Project

2024-07-04 16:57 Source: China Securities Journal

 China Securities Intelligent Finance Chlor-Alkali Chemical (600618) announced on the evening of July 4 that Guangxi Huayi Chlor-Alkali Chemical Co., Ltd. has recently completed the industrial and commercial change registration procedures, and the 40% equity of Guangxi Chlor-Alkali held by Shanghai Huayi Holding Group Co., Ltd. has been registered in the name of the company. After the transaction is completed, the company holds 100% of the equity of Guangxi Chlor-Alkali and becomes a wholly-owned subsidiary of the company.

According to a previous announcement, the company plans to use its own funds of 685 million yuan to acquire 40% of the equity of Guangxi Chlor-Alkali, a subsidiary of the company, held by Shanghai Huayi. In 2019, Guangxi Chlor-Alkali invested in the construction of a 300,000 tons/year caustic soda and 400,000 tons/year polyvinyl chloride project in Qinzhou, Guangxi. During the construction of the project, due to the company's limited funds, the company's controlling shareholder Shanghai Huayi and the company jointly funded the construction. In November 2022, the Guangxi Qinzhou project was completed and put into production. This equity acquisition will help further enhance the company's control over Guangxi Chlor-Alkali, integrate resources and improve production and operating efficiency. In the long run, it is expected to increase the company's net profit attributable to shareholders of the parent company.

According to the data, Chlor-Alkali Chemical mainly manufactures and sells caustic soda, chlorine and chlorine products, as well as polyvinyl chloride plastic resins and products. The company's annual production capacity of main products is: 1.02 million tons of caustic soda, 720,000 tons of ethylene dichloride, 600,000 tons of liquid chlorine, 200,000 tons of vinyl chloride, and 480,000 tons of polyvinyl chloride. The company has formed two production bases in Shanghai Chemical Industry Zone and Qinzhou, Guangxi. The two places have their own division of labor and key tasks, and they also cooperate with each other and develop in a balanced manner.

#shanghai  #guangxi  #qinzhou  #chloralkali  #pvc  #edc  #vinylchloride  #china 

Guangxi Huayi New Materials Company and Guangxi port project have been added. MB has been initialized with some technology and productions added.

#shanghai #guangxi  #huayi  #newmaterial  #china  #pdh  #propanedehydrogenation  #butanol  #oxoprocess  #aceticacid  #butylacrylate  #bpa  #bisphenola  #acetone  #phenol 

Guangxi Huayi Energy Chemical Co., Ltd. and Gas Island Project in Qinzhou have been added.
 

#guangxi  #shanghai  #china  #huayi  #energychemical  #gasislandproject  # coal #coalgasification  #methanol  #ethyleneglycol  #meg  #aceticacid  #coaltochemicals  #coaltomethanol  #coaltoolefins 

Shanghai Huayi Group Co., Ltd., a large chemical enterprise group, has been added.

#shanghai #china  #huayigroup 
 

Shanghai Stock Exchange (SSE) has been added.

#china  #shanghai  #stockexchange  #sse