30-billion-yuan chemical new materials project signed and landed in Jingmen, Hubei, China

en.Wedoany.com Reported - On October 7, Dongbao District of Jingmen City, Hubei Province, China announced that the Yangtze River Chemical New Materials Industry Project, with a total investment of 3 billion yuan, has been signed and landed, with its site selected in the Dongbao Chemical Circular Economy Industrial Park. The project is implemented by Hubei Meitu New Materials Co., Ltd. and is planned to build three types of production facilities: graphene high-performance coatings, specialty polymer resins, and lithium iron phosphate recycled materials, with a total planned annual production capacity of 170,000 tons. Once completed and put into production, it is expected to achieve an annual output value of 6 billion yuan.

The project is planned to build three sub-projects, among which the annual production capacity of graphene high-performance coatings is 50,000 tons, the annual production capacity of specialty polymer resin materials is 100,000 tons, and the annual production capacity of lithium iron phosphate recycled materials is 20,000 tons. The three types of products are respectively oriented toward industrial anti-corrosion protection, polymer functional materials, and new energy battery material application fields, involving terminal scenarios such as chemical equipment, wind power and photovoltaic facilities, communication towers, and marine engineering.

Graphene anti-corrosion coatings adopt a nanoscale composite dispersion process. The salt spray resistance of the product reaches more than 8,000 hours, the coating adhesion is not less than 15 MPa, and the designed anti-corrosion service life is increased by more than 35% compared with traditional coatings. The project plans to advance the large-scale production of high-end industrial heavy-duty anti-corrosion coatings, with product performance benchmarked against imported similar products.

On September 27, Hubei Meitu New Materials and Hubei Yangtze River Industrial Modern Chemical Co., Ltd., under Yangtze River Industrial Investment Group, signed an investment cooperation agreement. After the signing, Yangtze River Chemical became the controlling shareholder of Hubei Meitu New Materials, and the project formed an investment and construction arrangement controlled by a provincial-owned industrial investment enterprise and specifically implemented by a local new materials enterprise.

The project is planned to use approximately 320 mu of land, and public information mentions a construction period of about 3 years. Dongbao District has established a special project team coordination mechanism responsible for coordinating matters related to project construction. Project construction will be implemented relying on the existing utility engineering conditions and chemical industry supporting facilities of the Dongbao Chemical Circular Economy Industrial Park.