Sichuan Qida Chemical New Material Company unveiled

On August 16, the establishment and unveiling ceremony of Sichuan Xinda Chemical New Material Co., Ltd. was held in Beijing. Jin Ke Ning, General Manager of China Chemical Engineering Group Corporation, said in his address that the new company’s upcoming project will target the chemical new material industry demonstration base and be an important practice for China’s chemical industry to achieve “12th Five Year Plan” transformation and upgrading.

According to reports, the three shareholders of Sichuan Minda Chemical New Material Co., Ltd. are: China Chemical Engineering Co., Ltd., China Chengda Engineering Co., Ltd., PetroChina Sichuan Petrochemical Co., Ltd., which accounted for 45%, 35%, and 20% of the company's shares, respectively. The company's main business is an annual output of 1 million tons of PTA (pure terephthalic acid). The project construction site is located in Nanchong Chemical Industrial Park, with a total investment of approximately 4.2 billion yuan. The construction period is approximately 28 months.

Jinkening said that in the next five years, China’s chemistry will have to “recreate one China’s chemistry,” and it will take a new level in scale, quality, efficiency, and management to achieve a new leap forward. The construction of the project is a major measure for the company to implement the strategy of “engineering, technology leadership, and industrial support” in the first year of the “Twelfth Five-Year Plan”. It is an important way to optimize and upgrade the company’s industry and business structure. Its completion and production will be China Chemical. It has played an important role in the development of a well-known enterprise that is “leading domestically and world-class”.

Lu Hongxing, chairman of Sichuan Minda Chemical New Material Co., Ltd., said that the company will give full play to PetroChina's experience in and management of raw material supply and production management, as well as China's chemical engineering and engineering construction, in order to nurture and develop strategic emerging Industry makes a major contribution.

Li Chengyun, vice governor of Sichuan Province, Shen Diancheng, deputy general manager of China National Petroleum Corporation, CCP secretary of Nanchong Municipal Committee of Sichuan Province, and Liu Hongjian, director of the Standing Committee of the Municipal People's Congress attended the unveiling ceremony.

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