October 16, 2024 – Daqing Alfa New Material Technology Co., Ltd. has successfully secured approval for its olefin high-value utilization catalyst production base project on the Heilongjiang Province Investment Project Online Approval and Supervision Platform. The project, which boasts a total investment of RMB 86.41 million, has received indirect investment from China National Petroleum Corporation (CNPC).
The scope of the project encompasses the production of various catalysts, including 300 tons per annum of 1-hexene catalysts, 160 tons per annum of 1-octene catalysts, and 40 tons per annum of 1-butene catalysts. The manufacturing of these catalysts will provide robust support for the high-value utilization of olefins, further driving the development of related industries.
According to AsiaMB’s insights into the color masterbatch industry, CNPC’s recent layouts in large-scale new material projects have primarily focused on high-end polyolefins, specialty rubbers/elastomers, and engineering plastics. In the field of high-end polyolefins, CNPC has consistently increased its investment in technological innovation over the years. The company’s independently developed polyolefin technology suite has reached international advanced levels, forming a strong market competitiveness. CNPC has achieved new breakthroughs in production technologies for polyolefin elastomers (POE) and ethylene-vinyl acetate copolymers (EVA), successfully breaking foreign technology monopolies. Furthermore, CNPC is capable of producing a range of polyolefin products from basic to high-end, such as low-density polyethylene (LDPE), high-density polyethylene (HDPE), and ultra-high molecular weight polyethylene. These products cater to the demands for high-performance materials in various industries, including new energy, electronics, and packaging, providing robust support for the development of related industries.