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Industry News | Time: May 23 2018 3:44PM
Tianchen and Yongrong signs design and service contract of 600kt/year caprolactam project
 
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On May 21, Tianchen and Fujian Yongrong Holding Group signed a comprehensive strategic cooperation framework agreement. Yuan Xuemin, Party committee secretary, chairman and general manager of Tianchen, and Wu Huaxin, president of Yongrong Holding Group, signed the agreement on behalf of the two parties respectively. Both parties also signed the contract of design and service of Yongrong Technology's 600kt/year caprolactam project.

Yuan Xuemin stated at the signing ceremony that this strategic cooperation will give full play to Tianchen’s advantages in R&D, design, and plant operations of caprolactam industry chain, as well as Yongrong’s production technology, talent pool, and industrial management of caprolactam industry chain. The two sides will further deepen cooperation, comprehensively plan the new material product chain, and work together to build a world-leading petrochemical nylon industry.

Wu Huaxin fully affirmed the outstanding technolody and service of Tianchen Company. He said that Yongrong will take this strategic cooperation as an opportunity to strengthen cooperation in new technologies, new catalysts, etc., and establish Tianchen Company's scientific research achievement transformation base in Fujian Province.

After the signment of the framework agreement, the two parties will cooperate in diversified manners of engineering services, technical support, etc. in the 1.2 million tons/year caprolactam project of the Yongrong and the aromatic and olefin integration project in Gulei.
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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