China breaks the monopoly of multinational companies on the synthetic process of acetic acid
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On the morning of August 2, Shandong Yankuang Group had coal gasification and acetic acid synthesis technologies with independent intellectual property rights and advanced international standards. It once again spawned an amazing coal chemical industry with an annual output of 300,000 tons of acetic acid and 100,000 tons of ethyl acetate. Yankuang Cathay Chemical Co., Ltd. started construction.
It is understood that Yankuang Group's annual production of 300,000 tons of acetic acid and 100,000 tons of ethyl acetate has a total investment of 1.8 billion yuan. At present, the project's underground pipe network map, civil foundation map, and comprehensive control building design drawings have all been completed. The “four connections and one leveling†work within the construction site has been completed, and major equipment orders have been basically completed and is expected to be completed within 24 months.
After the project is put into production, it can create a production value of 2 billion yuan, profits and taxes of 600 million yuan, becoming the largest acetic acid producer in Shandong Province, and breaking the monopoly of multinational companies for new coal-water slurry gasification technology.
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