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CCM: Inner Mongolia Yonghe to put all downstream fluorochemical projects into operation in 2016

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Publish time: 18th May, 2016      Source: CCM
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    On 25 Feb., 2015, Inner Mongolia Yonghe Fluorochemical Co., Ltd. (Inner Mongolia Yonghe) stated that it is accelerating the construction of a series of downstream fluorochemical projects, with an aim to put all of them into operation this year.   

  

   With a total investment of USD238.64 million (RMB1.56 billion), the projects comprise:

  
        
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            Anhydrous hydrogen fluoride (AHF): 100,000 t/a       

        
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            Difluoroethane (HFC-152a): 40,000 t/a       

        
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            Trifluoroethane (HFC-143a): 10,000 t/a       

        
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            1,1,1,2-Tetrafluoroethane (HFC-134a): 20,000 t/a       

        
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            Pentafluoroethane (HFC-125): 10,000 t/a       

        
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            Tetrafluoroethylene (TFE) and polytetrafluoro ethylene (PTFE): 20,000 t/a and 10,000 t/a respectively       

        
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            Vinylidene fluoride (VDF) and polyvinylidene fluoride (PVDF): 8,000 t/a and 6,600 t/a respectively       

        
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            Hexafluoropropylene (HFP): 8,000 t/a       

        
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   "When all of the projects are put into operation, the output value will reach USD915.49 million (RMB6 billion), net profit to surpass USD45.77 million (RMB300 million),' stated Inner Mongolia Yonghe.

  

   CCM believes that Inner Mongolia Yonghe will finish its supply chain extension and business upgrading, when all these projects are put into operation.

  

  

       

  
  

   Inner Mongolia Yonghe was founded in 2011, by Zhejiang Yonghe Refrigerant Co., Ltd. (Zhejiang Yonghe, for 100% capital registration), jointly with Inner Mongolia Huasheng Fluorite Mining Co., Ltd. and Inner Mongolia Huasheng Hydrogen Fluoride Co., Ltd.

  

   Since then, the company has been relying on the local rich fluorite resources (proven reserves: 19.15 million tonnes), to develop its business. Its portfolio spans fluorite lump ore (CaF2: 75-90%), fluorite powder (CaF2>97%) and AHF (99.70-99.95%).

  

   However, China's fluorochemical industry, for short-run interest, is seeing repeatedly construction of low- and medium-marketed production capacity, which has led to the low utilisation of fluorite resources.

   

  In addition, lack of independent innovation capability and production technology for premium-marketed fluorochemicals, the industry is trapped in a predicament of excess low- and medium-marketed production capacity, and the continuously sluggish market.

   

  Inner Mongolia Yonghe, mainly involved in the basic raw materials business, shows poor capability to resist fluctuation risks and has heavy operation pressure. For instance, the price falls of fluorite (CaF2>97%) and AHF (99.95%) reached 16.91% and 8.26% separately. 

  

   Hence, it is of great necessity for Inner Mongolia Yonghe to upgrade its business, to achieve the sustainable and prolonged development.

  

   In addition, Zhejiang Yonghe's another subsidiary, Jinhua Yonghe Fluorochemical Co., Ltd. also launched a technological reconstruction project for high performance fluorine-enriched materials in Feb. 2016, covering TFE, PTFE and fluorinated ethylene propylene (FEP).

   

  It is expected that these 2 subsidiaries can make exchanges about technology and production, to promote the operation of their projects.

  

  This article comes from China Fluoride Materials Monthly Report 1602, CCM

  

  

  

  

  

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    Tag: fluorochemical,  fluorine