Construction work on the $45m Ningbo Chemical Production Plant: Phase II located in Ningbo, Zhejiang, China commenced in Q2 2022. It was announced in Q1 2018.
The project involves the construction of a chemical production plant Phase II in Ningbo, Zhejiang, China.
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The project includes the following:
1. Construction of an epoxy resin plant with a production capacity of 60m3 per annum (Direct method) and 60m3 per annum (Indirect method)
2. Construction of a polyether polyol plant with a production capacity of 40m3 per annum
3. Construction of a polymer polyol with a production capacity of 20m3 per annum
4. Construction of a laboratory and a storage area
5. Construction of a distribution unit
6. Construction of raw material processing units and an administrative building
7. Installation of machinery and safety and security systems
Construction on the project is expected to be completed by Q4 2023.
Owners of the project include Republic of Korea (South Korea)-based Kukdo Chemical.
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