1.1 million tons/year ABS project and design cooperation signing ceremony successfully completed

On the afternoon of March 23, Keyuan Holding Group and Changzhou Ruihua Chemical Engineering Technology Co., Ltd. (hereinafter referred to as "Ruihua Technology"), Shandong Haicheng Petrochemical Engineering Design Co., Ltd. (hereinafter referred to as "Haicheng Design"), Guangdong Zhenghe Engineering Co., Ltd. (hereinafter referred to as "Guangdong Zhenghe") held a design cooperation signing ceremony and formally reached the design cooperation for the 1.1 million-ton/year ABS project. Group Chairman Tao Chunfeng attended the signing ceremony to witness this important moment.

Annual output of 1.1 million/ton ABS project

The new ABS material project with an annual output of 1.1 million tons is an important industrial base for the group's layout in East China. The total investment is planned to be 8 billion yuan, which will be constructed in two phases. It is planned to complete all the investment in five years. The successful signing of the project design between the group and Ruihua technology, Haicheng design and Guangdong Zhenghe indicates that the ABS new material project is getting better and faster on the road of planning. All partners will provide stronger guarantee for the project through professional process technology and engineering design. At the same time, it also marks that the project has officially entered the substantive construction stage.

Upon completion, the project will reach an annual production capacity of 1.1 million tons and 200000 tons of BDO, which is in line with the annual production capacity of 1.2 million tons of Guangxi Changke South China Base, forming a complementary strategic layout between the north and the south. The group will form a huge production capacity of 2.3 million tons of ABS and achieve the output value target of exceeding 40 billion. At that time, the scale of the group's ABS full series of industrial chain will surpass all competitors in the industry, and is expected to become the world's first, laying a solid foundation for the group's position in the industry and its own high-quality development.

CHANGZHOU RIHUA CHEMICAL TECHNOLOGY ENGINEERING CO., LTD

Changzhou Ruihua Chemical Engineering Technology Co., Ltd. was established in 2007 and is located in the Science and Education City, Wujin District, Changzhou City. It is a professional company with a number of patented technologies and is mainly engaged in engineering and technical services in the petrochemical field. The company, formerly known as Changzhou Ruihua Chemical Engineering Technology Co., Ltd., completed the share reform in December 2017 and officially changed its name to Changzhou Ruihua Chemical Engineering Technology Co., Ltd. In July 2018, the new three boards (Ruihua Technology 872869) were officially listed.

Since the establishment of the company, the business has maintained rapid growth. It has established good business contacts with famous large petrochemical enterprises at home and abroad, and has established solid cooperative relations with well-known chemical companies, engineering companies, patent dealers, industry associations, large design institutes and research institutes at home and abroad. As a professional company engaged in engineering and technical services in the field of petrochemical industry, Ruihua Chemical is committed to providing users with comprehensive, systematic and professional engineering services and helping users create more value.

Gathering first-class elite talents, establishing first-class technology base and creating first-class modern enterprises are the goal of Ruihua Chemical, and also the road of development that Ruihua is taking. In addition, the company attaches great importance to the protection of intellectual property rights and has applied for and authorized more than 60 patents.