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Stock abbreviation: Qixiang Tengda  Stock code: 002408

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Successful start-up of the second phase of the MMA project production line

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Successful start-up of the second phase of the MMA project production line

[Abstract]:

On March 15, Qixiang Tengda announced that the company’s 200,000 tons/year methyl methacrylate (MMA) and supporting project phase II (100,000 tons/year) production line has been completed and will be put into trial operation on March 11. At present, qualified products have been successfully produced and a successful start-up has been achieved.

The Qixiang Tengda methyl methacrylate (MMA) project is a contracted project of the first Confucian Business Conference in Shandong Province, and was selected as the first batch of major projects for conversion of new and old kinetic energy in Shandong Province and a key construction project in Shandong Province. The first-phase production line was completed and put into operation in September 2020, and the second-phase production line began construction in June 2020. It only took 255 days from start to production, which refreshed the “Qixiang speed” of 15 months for the first phase. A new record for the construction and production of similar devices.

Methyl methacrylate (MMA) is mainly used in the field of polymerization and copolymerization, and plexiglass can be made by bulk polymerization. Used in the production of plexiglass, high-end paint, high-end display screens and other household appliances, decorative materials, etc. The downstream product of methyl methacrylate, polymethyl methacrylate resin (PMMA) is widely used in various lighting equipment, optical glass, instrumentation, optical fiber, aircraft cabin glass, bulletproof glass and other fields, especially with With the rapid growth of the liquid crystal display market, the demand for optical-grade PMMA molding compounds has increased significantly, with great development potential and broad application prospects.

The completion and commissioning of 200,000 tons/year methyl methacrylate (MMA) and supporting projects will further consolidate Qixiang Tengda’s leading position in the C4 deep processing field, complete the conversion of MTBE production capacity, increase product added value, and enhance its dominant position in the industry , To improve the company's comprehensive competitiveness and overall profitability.

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