It is reported that this year the Group Jiangsu Kimpo 8.3 billion will be invested with the cooperation of Urumqi petrochemical branch co., PetroChina processing high value-added fine chemical products.
In accordance with their recently signed a strategic cooperation agreement, Jiangsu Kimpo group is responsible for providing project funding, of Urumqi petrochemical branch co., PetroChina provides petrochemical raw materials.
Of Urumqi petrochemical branch co., PetroChina, Deputy General Manager Li Shi new introduction, bilateral cooperation aims to Xinjiang local low added value of raw materials into high-value-added rubber, tyre additives, etc.
It is learnt that Jiangsu Kimpo-group has been in the adjacent city of Urumqi Midong petrochemical industrial park plant site selection and preliminary reached 200 acres of land use agreement. The company intends to start construction this year with an annual capacity of 30 million tons of carbon four product utilization project, this product can be further processed into rubber, solvent types of green chemical products.
Project commissioning is expected as a ton of carbon four products raw materials increased compared with the current value can be 1/3 or so, the output value of nearly $ 2 billion achieved, contribution tax is about 5 billion, an increase of 300 professionals jobs and spur Xinjiang downstream coating, paint, etc., local industry promotion and development.
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