On August 9th, Huizhou City Environmental Protection Bureau publicized the environmental impact assessment of the 240,000 t/y polystyrene project of Huizhou Renxin Polyphenyl Group Co., Ltd. for the second time. The project covers an area of ​​62786 square meters with a total investment of 465.24 million yuan.
Huizhou Renxin Polyphenyl Group Co., Ltd. plans to invest 240,000 tons/year of polystyrene project in the petrochemical area of ​​the L3 block in Daya Bay Petrochemical District, Huizhou City, with styrene, mineral oil, polybutadiene rubber, ethylbenzene, and antioxidants. Zinc stearate and other raw materials, with an annual output of ordinary polystyrene resin (GPPS) 120,000 tons, special modified polystyrene resin (HIPS) 120,000 tons.
In 2009, the apparent consumption of polystyrene in China reached 3.3 million tons. It is expected that the domestic polystyrene production capacity will increase at an average annual rate of 9% over the next five years, and the output will increase from 2.18 million tons in 2010 to 3.06 million tons in 2014. Demand maintains an average annual growth rate of 5%. In the next five years, China will still be the world's largest importer of polystyrene, with an average annual import of about 1.13 million tons of polystyrene. Therefore, China's polystyrene market is still promising. It is necessary to increase the production of polystyrene to resolve the contradiction between supply and demand.
It is reported that Huizhou Renxin Polyphenyl Group Co., Ltd. consists of Guangdong Renxin Group Co., Ltd. and Shantou Longhua Printing Co., Ltd. each with a 50% share of the registered capital of 50 million yuan.
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