The hottest Qixiang Tengda raised 2billion to ente

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Qi Xiang Tengda raised 2billion to set foot in the degradable plastic industry

backed by Sinopec Qilu Branch and Qingdao refining and chemical, Qi Xiang Tengda, which has rich carbon sources, decided to set foot in the degradable plastic industry. Today, the company launched a fixed increase plan, which plans to raise about 2billion yuan from investors, including major shareholders, and invest in a 150000 ton/year PBS project, becoming the third listed company to enter the industry

make full use of C4 resources

Qi Xiang Tengda's plan shows that the company plans to issue no more than 120million non-public shares, of which the subscription amount of the major shareholder Qi Xiang Group is no less than 100million yuan; About 2billion yuan will be raised, which will be used for the construction of 150000 tons/year environmental protection new materials (PBS) project after deducting the issuance expenses; The issue price is no less than 14 yuan/share, which is 1.72 yuan/share cheaper than the closing price before the suspension

150000 T/a environmental protection new materials (PBS) project has a total investment of 3.91 billion yuan and a construction period of 2.5 years. It will be constructed in two phases. Phase I construction of 100000 t/a n-butane maleic anhydride production unit and 55000 T/a 1,4-butanediol (BDO) production unit; The construction content of phase II is similar to that of phase I, but there are 75000 T/a succinic acid production unit and 150000 T/a polybutylene succinate (PBS) production unit. It can be seen from the construction of the device that the company will adopt the direct esterification process rather than the transesterification process

for the purpose of investment, Qi xiangtengda said that a large number of by-products butane will be produced in the company's current production. The company does not carry out deep processing, but directly sells it, and butane is the main raw material for the production of PBS. The implementation of the additional issuance project can further deepen the utilization rate of raw material C4, lengthen the company's product chain and enhance the company's profitability

it is noted that Qixiang Tengda has made full use of the butene component in C4 to produce methyl ethyl ketone and butadiene, and plans to use butadiene to produce neodymium rare earth cis-1,4-polybutadiene rubber. It should be noted that the company's C4 resources come from Sinopec Qilu Branch and Qingdao refining and chemical

1. Experimental fixture

the two listed companies have set foot in

Qi Xiang Tengda is not the first listed company to set foot in the PBS industry. At present, Jinfa technology and St Xinfu both own this product

according to the data, as early as March 2007, St Xinfu had planned a PBS project with a production capacity of 3000 tons/year; In October, 2007, the unit was officially put into operation; By March, 2008, PBS masterbatches of injection molding grade, extrusion grade and blow molding grade had been successfully produced. Due to the intermittent method, St Xinfu then launched the 10000 t/a continuous PBS project, and plans to build another 10000 t/A, with a total capacity of 23000 T/A; However, the current production capacity is 13000 tons/year

Goldilocks produces PBSA, a modified variety of PBS. The project was launched in 2009, and the first phase production capacity is 30000 tons/year; 20. As a key technology of high molecular alloy development, reactive compatibilization technology was completed and commissioned on May 12, 2011, and officially put into operation in October 2011. The planned capacity of the company's second (7) construction steel and its connectors is 90000 tons/year, and the construction has not yet started

among the two companies, St Xinfu disclosed for the first time that the gross profit margin of PBS was 9.55% in this year's semi annual report; The reason why it is so low is that the company's PBS products contain a lot of impurities, which are returned by customers after being sold out. Goldilocks did not list this variety separately, and the outside world could not know its profitability


the data shows that polybutylene succinate (PBS) is excellent. In the following data, you should have a detailed understanding of biodegradable materials, which are widely used in packaging, tableware, agricultural film, biomedical polymer materials and other fields. Compared with degradable plastics such as polylactic acid (PLA) and polyhydroxyalkyl ester (PHA), PBS is extremely cheap; The disadvantage is that the molecular weight of products produced by domestic manufacturers is not high at present

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