Recently, the non-public issuance plan of Hebei Jinniu Chemical Co., Ltd. was approved by the Hebei State-owned Assets Supervision and Administration Commission and it is planned to raise no more than 2.2 billion yuan in cash for the construction of a 400,000-ton/year PVC project and an annual output of 50,000 tons of paste resin for relocation and reconstruction projects. And repay bank loans, supplement liquidity. It is understood that the 400,000-ton/year PVC project started construction in October 2003. By December 2005, when it was suspended, it had completed 70% of civil works and 95% of the imported equipment was in place. Therefore, the cost of this ongoing construction project will be greatly reduced, with a total construction fund of 1.477 billion yuan; the construction period will also be greatly shortened to only one year. According to the preliminary calculation, it will reduce the investment by more than 1.5 billion yuan compared with the construction of PVC production equipment of the same technology and scale, saving the construction period of one and a half years. Moreover, in future operations, depreciation expenses will be greatly reduced, and depreciation will be carried out on a ten-year basis. Depreciation costs will be reduced by about RMB 150 million each year. Jinniu Chemical's 400,000-ton/year PVC production line includes two supporting projects with an annual capacity of 120,000 tons of ion-exchange membrane caustic soda and chemical tanks. The chemical tank farm project can not only guarantee the raw material loading and unloading of 400,000 tons/year of PVC and product sales, but also fills the gaps in the current non-chemical tank farms in the south of Tianjin and northern Shandong, and will provide marine raw materials for many surrounding chemical companies. Unloading service. As the country's efforts to promote energy-saving and emission reduction continue to increase, the National Development and Reform Commission has eliminated preferential tariffs for energy-intensive industries. The price of calcium carbide rose from 2,600 yuan/ton in early 2007 to approximately 4,000 yuan/ton currently. Since 2008, the cost advantages of ethylene-based calcium carbide have become increasingly prominent. According to statistics, in 2010 China's ethylene production of PVC was less than 30% of the total output, and there were still 1.4 million tons of ethylene-based PVC depending on imports. Jinniu Chemical's 400,000-ton/year PVC project adopts the ethylene oxychlorination process. The products are mainly used in high-end markets and will effectively replace some of the imported PVC market, thereby increasing the market share and bargaining power in this product area, and further enhance the company's Core competitiveness. kunshan haijin machinery co.,ltd , https://www.haijinmachinery.com