Wuhai, China – Zhongjin Fine Chemical has announced its plan to build an additives plant in the Wuhai, Inner Mongolia, pending regulatory approval.
The first phase includes annual capacity of: 4,000 tonnes MBT (mercaptobenzothiazole); 8,000 tonnes DPG (diphenyl guanidine); 5,000 tonnes TMTD (tetramethyl thiuram disulphide); 10,000 tonnes CBS (n-cyclohexylbenzothiazyl sulphonamide); 6,000 tonnes DCBS (benzothiazyl-2-dicyclohexyl sulphonamide); and 20,000 tonnes carbon disulfide.
The second phase will increase its carbon disulfide capacity to 50,000 each year.
Located in the city’s Hainan Industrial Park with 140,000 square-metre total area, the new plant has €91 million investment and is projected to be completed in October 2017.
A newly established joint venture between a local additive firm in Wuhai and state-owned Tianjin Bohai Fine Chemical, a market leader in China, Zhongjin estimates to bring in €11 million annual profit on €96 million revenue when in operation.
It also aims for further expansion in fine chemical with coking coal derivative precursors, a natural resource the city is well-endowed, and expects to generate €2.4 billion annual sales by 2021.