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Company Column
Chemours' stock price plummeted 33% on February 29, Eastern Time, to a three-year low. It is estimated that the net loss in 2023 will be between US$225 million and US$235 million, a decrease of 140.34% compared with the net income of US$578 million in 2022.
Arkema released its 2023 financial report on February 29. In 2023, Arkema's sales will be 9.5 billion euros, a year-on-year decrease of 16.1%; earnings before interest, taxes, depreciation, and amortization (EBITDA) will be 1.501 billion euros, a year-on-year decrease of 28.86%; EBITDA profit margin will be 15.8%. A year-on-year decrease of 13.66%; EBITDA in the fourth quarter of 2023 was 331 million euros, a year-on-year increase of 14%, and adjusted net income was 653 million euros.
Changshu 3f Zhonghao New Chemical MATERIALS Co., Ltd.,on February 27, a patent authorization titled "Preparation Method of 1,1-Difluoroethylene" was disclosed. The publication number (authorization) is CN114409499B.
Honeywell and Hisense Home Appliances Group Co., Ltd. reached a cooperation in the field of refrigerant applications on February 29.
Haohua Chemical Science & Technology Corp.,Ltd., February 29, Zhonghao Chenguang, a subsidiary of Haohua Technology, and its joint venture Chenguang-Chemours Fluoromaterials (Shanghai) Co., Ltd. have a total fluorine rubber production capacity of 5,500 tons/year, accounting for 15% of the industry’s production capacity in the domestic market about.
Henan Jinhai New Material Technology Co., Ltd.,100-billion-level fluorosilicone new material project, which received guidance from the Luohe Municipal Bureau of Industry and Information Technology on February 27, has a total investment of 30 billion RMB and is located in the Wuyang County Chemical Industry Park. The project is expected to start in April.
Jiangxi Chengju Pharmaceutical Co., Ltd., on February 19, launched the construction of a pharmaceutical intermediates and API project (Phase I) with an annual output of 405 tons, and carried out technical transformation of existing projects. The total investment of the project is 420 million RMB, and the construction site is located in the Zibu area of Fengchao Industrial Park, Jiangxi Wannian High-tech Industrial Park.
Do-Fluoride New Materials Co., Ltd., on March 5, said that its subsidiary HFR NEW ENERGY PTE.LTD signed an agreement with Soulbrain Holdings Co., Ltd. to jointly invest in the establishment of a joint venture. The business scope of the joint venture mainly includes the production and sales of lithium hexafluorophosphate. The initial capital (registered capital) is approximately162 million RMB, and the total planned investment is approximately 701 million RMB.
Lianhe Chemical Technology Co.,Ltd, on March 5, launched a technical transformation project (reconstruction project) with an annual output of 250 tons of methyl ammonia fluoride hydrochloride (LT668). The total investment in this project is 2.68 million RMB. The project is planned to Implemented at No. 30, Nanyang 2nd Road, Toumengang New District, Linhai City, Taizhou City, Zhejiang Province.
Gansu Juhua New Materials Co., Ltd. held a groundbreaking ceremony for the high-performance silicon-fluorine new material integration project site earthwork grading project on March 3. The chemical part of the project has a total investment of 41 billion RMB. The project is located in the old city of Yumen Economic Development Zone. Northeast of the District Chemical Industrial Park.
Del Technology New Materials and New Energy Project
Project overview: Total investment is 6.69 billion RMB, with annual planned investment of 1.44 billion RMB.
1. The total investment of the Dexu New Materials fluorine-containing fine chemicals and high-quality fluorine-containing inorganic salt production project is 1.2 billion RMB, and the project has completed the project admission demonstration, land transfer and other work;
2. The total investment of the Long Fluorine New Materials project with an annual output of 230,000 tons of fluorine-containing new materials is 1.2 billion RMB. The project has completed the first phase of technical transformation and the second phase of expansion; the third phase of new land transfer procedures and site leveling have been completed, and the third phase of partial supporting facilities has been completed. Construction of facilities begins;
3. The total investment in the fluorine-containing semiconductor material project is 1.56 billion RMB, and the project has completed various evaluation reviews;
4. The total investment of Detianchen high-purity electronic gas purification and refining project is 500 million RMB, and the project has completed the application of real estate certificate;
5. The total investment of the 200-ton electronic-grade chlorine trifluoride production line project per year is 302 million RMB. The project has completed project filing and preliminary planning and construction project planning license application;
6. The annual output of 360,000 tons of semiconductor-grade electronic materials project (Phase II) has a total investment of 900 million RMB. The project (Phase II) has completed the production and testing equipment of electronic-grade ammonia products;
7. The total investment in the new high-purity fluorine material project with an annual output of 30,000 tons is 1.02 billion RMB, and the project research has been completed.
Policy Column
On March 1, the CNPC and Chemical Industries Association issued an announcement on the release of 18 group standards. The "Fluorine Nitrogen Mixture of Gases for Electronic Industry" and "Propane Dehydrogenation By-Production Hydrogen", which were organized by ACMI and participated in the drafting, were adopted. The review will be officially implemented on June 1.
