Handsome Chemical Announced the Start of a 500,000-Ton Acetate and 100,000-Ton Electronic Grade Ethyl Acetate Project in Jingmen , Hubei Province

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2023-12-27

In December 2023, Handsome Chemical Board unanimously approved the 500,000 tons of acetates and 100,000 tons of electronic grade ethyl acetate project in Jingmen, Hubei Province. The project includes 180,000 tons of ethyl acetate , 100,000 tons of electronic grade ethyl acetate , 100,000 tons of butyl acetate, 120,000 tons of propyl acetate, and 100,000 tons of methyl acetate. The project is expected to be fully operated by mid-2025. Handsome Chemical Group invested and established Handsome (Jingmen) New Material Co., Ltd. in January 2023. The company is located in the Chemical Circular Industrial Park of Tuojian Duodao District, Jingmen City, Hubei Province, covering 456 acres of land. The first phase of the annual capacity of 600,000 tons of acetic acid project is under construction in an orderly manner and is expected to be completed and put into operation by mid-2025, achieving an annual output value of 3 billion yuan. In 2023, it was a milestone for Handsome Chemical Group as it took a solid step in expanding its industrial chain on the occasion of its 30th anniversary.

With the start of the 500,000 tons of acetate and 100,000 tons of electronic grade ethyl acetate project in Jingmen , Hubei Province, Handsome Chemical Group will have three production bases located in Taixing, Jiangsu Province, Zhuhai, Guangdong Province, and Jingmen, Hubei Province, forming a tripartite layout that well covers the vast domestic market. As a leading enterprise in the global acetate industry, Handsome Chemical's products are sold to nearly 100 countries and regions around the world. After the completion and commissioning of the Jingmen project, Handsome Chemical will have an annual capacity of 2.1 million tons of acetate , 600,000 tons of acetic acid, and 100,000 tons of butyl acrylate. The completion and commissioning of Jingmen project will effectively increase the local industrial output value and boost local employment and promote economic growth. For Handsome Chemical, Jingmen project is not only an economic investment but also an important layout for the company's future development strategy. This not only reflects Handsome Chemical's profound layout in the Chinese market but also demonstrates its relentless pursuit of high-quality development as the industry leader.

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Completion and Production of 600,000 Tons/Year Acetate Project by Handsome New Materials