Chlor-alkali chemical company (600618.SH) intends to increase its investment in its subsidiary Guangxi Chlor-alkali to construct an advanced material supporting waste salt comprehensive utilization project.

Intellifinance News, Chlor-Alkali Chemical (600618.SH) announced that its wholly-owned subsidiary Guangxi Chlor-Alkali Company plans to invest in and construct an "Advanced Material Supporting Waste Salt Comprehensive Utilization Project" in the Petrochemical Industrial Park of Qinzhou Port Economic and Technological Development Zone in Guangxi. The project will involve the construction of 300,000 tons/year of caustic soda, 250,000 tons/year of vinyl chloride, and 300,000 tons/year of polyvinyl chloride production facilities, with a total investment of 2.975 billion yuan. The project is in line with the development plan of Huayi Qinzhou Chemical New Materials Integrated Base, using waste salt as raw material to produce caustic soda, realizing the resource utilization of waste materials, providing key raw materials for downstream devices such as epoxy resin and epoxy chloropropane, and realizing the chlor-alkali resource recycling industrial chain, promoting regional industrial synergy and resource optimization, enhancing the overall competitiveness and green development capability of the base. Due to the large amount of construction funds required for the project investment and construction, the company plans to increase its capital in Guangxi Chlor-Alkali Company by cash contribution, with a total increase of 8.93 billion yuan.