Zhangjiagang Huamei Biomaterial Co., Ltd. (Zhangjiagang Huamei) plans to launch its 1,3-propanediol (PDO) products in April 2012.
Online PR News – 11-January-2012 – – Zhangjiagang Huamei Biomaterial Co., Ltd. (Zhangjiagang Huamei) plans to launch its 1,3-propanediol (PDO) products in April 2012, revealed by CCM International’s first issue of Biomaterials China News.
Zhangjiagang Huamei is a new company established by Zhangjiagang Meijingrong Chemical Industry Co., Ltd. (Zhangjiagang Meijingrong) and SB China Venture Capital Limited (SBCVC) that cooperated with each other. They invested about USD24 million to build a PDO production line with total capacity of 65,000t/a. On September 8, 2011, Zhangjiagang Huamei started the construction of the first phase of the PDO production line with capacity of 13,000t/a in Changjiang River Chemical Industrial Park. It is estimated that PDO products will be launched in April 2012, revealed by a staff from Zhangjiagang Meijingrong. Meanwhile, he claims that the company will also launch its PTT products, PDO downstream products, when it finishes the current cooperation contract with Dupont.
Mr. Han, general manager of Zhangjiagang Meijingrong, is proud that the new PDO production line will increase the annual sales revenue to nearly USD173 million when the whole construction is finished. Besides, the annual return of Zhangjiagang Meijingrong will reach more than USD47.25 million after the formation of the PTT upstream and downstream industry in Zhangjiagang Meijingrong.
It is predicted that Zhangjiagang Huamei will become the second biggest PDO producer around the world when it reaches the total capacity. Actually, at present, there are only three major companies producing PDO products around the world, Degussa Co., Ltd. (Degussa), Shell and Dupont. Although some domestic manufacturers have the capability to produce PDO products, their capacities are lower than ten thousand tonnes per year separately. Mr. Han believes that the PDO production industry will be prosperous as the PTT capacity become larger and larger in future.
Want to find out more about the influence that worldwide economic downturn makes on China’s PTT industry, please check Biomaterials China News. If you need free sample of this newsletter, please contact us at firstname.lastname@example.org.
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