Unit:
Lianjiang Kemen Economic Development Zone Management Committee
Project Area:
Fuzhou-lianjiang 
Industry:
New Materials Industry
Type of Project:
New Project
Cooperation Mode:
Individual Proprietorship,Joint Venture,Collaborate
Nature of Project:
Encourage
Working Progress in Prior Period:
Not yet.
Total Investment:
1000 million yuan
Expected to Attract Investment:
1000 million yuan
Content and Scale:
Polytetrahydrofuran, also known as polytetramemethylene ether glycol, PTMEG for short, is a homopolymer got by cationic ring-opening polymerization of monomer tetrahydrofuran (THF for short). It is widely applied in the preparation of high-grade polyurethane (PU) products, such as spandex elastic fiber, polyurethane elastomer and high resilience foam. Construction Reason: With the development of spandex production, China has become the world's biggest PTMEG production and consumption country. At present, China’s PTMEG output is 660,000t/a, with manufacturers spreading over energy sources, such as Shaanxi, Inner Mongolia, Ningxia and Xinjiang. But due to such reasons as product quality, PTMEG products are still imported from Taiwan and some other regions every year. We imported 52,000t in 2016, among which Xiamen Lilong Spandex Co., Ltd. imported 10,000t for its 15,000t/a spandex production facilities. Even though the domestic output of PTMEG is greater than its market demand, as Fujian is far from PTMEG origin, the high raw material transport cost will increase the production cost of spandex. Thus, it is very necessary to have PTMEG production in the Park.
Industry

New Materials Industry

In recent years, Fujian Province has seen a growing agglomeration effect in its new materials industry, with a gradually improving innovation system and an expanding variety of materials. The production processes and output of stainless steel materials, ternary cathode materials, tungsten wire for lighting, high-performance automotive aluminum alloy sheets, laser and nonlinear optical crystals and devices, among others, rank among the highest in China. Leading enterprises such as Tsingtuo Group, CATL, Highsun Holding Group, Xiamen Tungsten, Zijin Mining Group, and Deer Technology have been cultivated. Driven by these industry leaders, Fujian has initially formed influential specialty new materials clusters, including lithium battery materials, stainless steel materials, advanced functional textile materials, advanced chemical materials, rare earth materials, and graphene.