ST Ningke (600165.SH) plans to invest 545 million yuan to build a project with an annual output of 50,000 tons of dibasic acids such as sebacic acid and 10,000 tons of diamine such as decanediamine

Zhitong Finance App News, ST Ningke (600165.SH) issued an announcement. In order to extend and improve the industrial chain layout, continue to broaden the downstream high-end new materials market space, and consolidate the company's competitive position in the field of long-chain binary acid new materials, the company plans to invest in the construction of a project with an annual output of 50,000 tons of dibasic acids such as sebacic acid and 10,000 tons of diamine such as decanediamine per year. The total investment of the project is estimated at 545 million yuan, including 351 million yuan for the binary acid project and 194 million yuan for the diamine project.

According to reports, the project with an annual output of 50,000 tons of diacid such as sebacic acid includes the construction of a production line for sebacic acid and azelaic acid, as well as supporting the construction of circulating water stations, power distribution rooms, control rooms, and corresponding storage and transportation facilities. The construction period is 12 months. Diamine projects with an annual output of 10,000 tons, including the construction of a flexible production line for butanediamine hydrochloride, omega-amino-undecanoic acid and omega-aminododecanoic acid, a flexible production line for nonanediamine, decanediamine and lauryl diamine, the construction of new storage and transportation facilities such as tanks, and other public works and auxiliary facilities rely on the company's lauric acid project. The construction period is 12 months.