ST Zhongtai (002092.SZ): Successful trial production of the Zhongtai New Material Resource Comprehensive Utilization Methanol Upgrading Demonstration Project

Zhitong Finance App News, ST Zhongtai (002092.SZ) issued an announcement. Recently, the company's holding subsidiary, the Zhongtai New Materials Resource Comprehensive Utilization Methanol Upgrading Demonstration Project was successfully tested and produced qualified methanol products.

According to the announcement, the Sino-Thai New Material Methanol Project fully relies on regional resource advantages to turn low-value materials into raw materials for production, increase their added value, achieve efficient use of resources, raise the level of development of the coal hierarchical and qualitative utilization industry, and strongly promote the development level of the industry to a new and qualitative level, in line with the company's development strategy, extend the industrial chain, enhance the value chain, build a supply chain, achieve efficient use of resources, and enhance the overall competitiveness of the enterprise. After the project is put into operation, it can promote comprehensive utilization of resources nearby. Methanol products can be used as supporting raw materials for industries such as BDO (1,4-butanediol) to enhance the overall stability of the industrial chain and meet the methanol needs of fine chemicals and new chemical materials enterprises in Xinjiang.