Asia's largest PVC paste resin plant put into operation
After two years of technological upgrades, the Shenyang Chemical Group, a subsidiary of China National Bluestar (Group) Corporation, completed a 100,000-ton-per-year PVC paste resin production facility at the end of last year. The new facility not only meets all industry standards but also consistently produces high-quality products, making it the largest PVC paste resin production unit in Asia. This milestone marks a significant achievement in the company's transformation and solidifies its position as a leading player in the region.
The successful technical upgrade has enabled Shenyang Chemical Group to become the largest producer of PVC paste resin in Asia. Moreover, this development strengthens Bluestar Chemicals' new material industry chain, enhancing its overall competitiveness. The expansion of the original 50,000-ton production capacity was done with the introduction of advanced technologies such as a new half-pipe cooling polymerizer, membrane separation systems for gas recovery, and advanced atomizers. These innovations ensure efficient operations from day one, significantly reducing costs and providing a strong foundation for market expansion both domestically and internationally.
As the first domestic company to introduce foreign PVC paste resin technology, Shenyang Chemical Group has maintained top rankings in production capacity, output, and product quality. Following the recent expansion, the company now accounts for over 50% of the total PVC paste resin production capacity in China.
In April 2004, the Shenyang Municipal Government signed an agreement with China Bluestar (Group) Corporation to restructure Shenyang Chemical Group. By August of the same year, the 40,000-ton-per-year propylene oxide and polyether project was completed, generating over 600 million yuan in annual sales and becoming a key growth driver for the company. Subsequently, Bluestar invested heavily in two major petrochemical projects: a 130,000-ton acrylic acid and ester plant and a 500,000-ton catalytic pyrolysis and ethylene production facility, with a total investment of nearly 5 billion yuan.
The acrylic acid and ester project is expected to be completed by mid-2006, making it the largest single-unit plant in China and ranking second nationally in annual output, with projected annual sales exceeding 2 billion yuan. The heavy oil catalytic pyrolysis project is set to be completed by 2008, which will further boost the company’s revenue to around 4 billion yuan. These developments underline Shenyang Chemical Group’s strategic importance within Bluestar’s broader industrial portfolio.
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