Layout HFOs! Yonghe Stock proposes projects such as R22, TFE, HFP, R1234yf, R1234ze combined production of R1233zd, perfluorohexanone, etc

On March 20th, Yonghe Co., Ltd. announced that its wholly-owned subsidiary Baotou Yonghe New Materials Co., Ltd. (hereinafter referred to as "Baotou Yonghe") plans to sign a "Project Investment Agreement" with the People's Government of Jiuyuan District, Baotou City, Inner Mongolia Autonomous Region to invest in the construction of the "Baotou Yonghe New Energy Materials Industrial Park Project", with an estimated total investment of 6055109900 yuan.

The construction period of the project is 48 months, with the construction of a 400000 ton/year waste salt comprehensive utilization device and a 240000 ton/year methane chloride device as the basic raw materials for the entire plant. Subsequently, the construction of a 120000 ton/year HCFC-22 device, a 60000 ton/year TFE device, a 48000 ton/year HFP device, and a 50000 ton/year HCC-240fa device as intermediate products will be carried out in the middle reaches, and the construction of a 20000 ton/year HFO-1234yf device, a 23000 ton/year HFO-1234ze device, and a combined production of HCFO-1233zd devices will be carried out in the downstream 10000 t/a perfluorohexanone unit, 180000 t/a methyl chloride unit, 250000 t/a calcium chloride unit, 50000 t/a synthetic ammonia unit, and 60000 t/a vinyl chloride unit.

Yonghe Co., Ltd. stated that the investment is to advance the layout of the new environmentally friendly refrigerant and fire extinguishing agent sector, seize the new opportunities brought by industrial transformation and technological upgrading, and create an industry-leading and domestic first-class integrated upstream and downstream fluorine chemical industry base.

With China's accession to the Montreal Protocol and approval of the "Kigali Amendment", the quota reference period for third-generation refrigerants has ended and is about to enter the stage of quota management and gradual reduction of production and sales. In the context of establishing a community with a shared future for mankind and jointly addressing global climate change, a new generation of environmentally friendly and low-carbon refrigerants will become the only way for the long-term development of the refrigerant industry in the future.

In the future, the fourth generation refrigerants with zero ODP and low GWP characteristics, represented by hydrofluoroalkenes (HFOs), will usher in a broad market development space. At the same time, China's fluorine chemical enterprises will also face an important transformation period of products and processes.

In recent years, with the continuous improvement of high-end fluorine chemical production processes in China, the quality of high value-added fluorine containing polymer materials has been continuously improved. Yonghe Co., Ltd. is currently one of the important suppliers of fluorocarbon chemicals and fluoropolymer materials in China, but there is still a certain gap between Yonghe and the world-class fluorochemical manufacturers.

Relying on the policy support of China's "dual carbon" goal and the rapid development of China's high-end fluorine chemical industry, Yonghe Shares will take the lead in realizing the strategic layout of the fourth generation refrigerant field through the construction of this project, helping the industrialization and large-scale rapid development of China's fourth generation refrigerant, and breaking away from the technical dependence on foreign mainstream fluorine chemical leading enterprises, laying a foundation for its future sustainable development.

About Yonghe Shares

Zhejiang Yonghe Refrigeration Co., Ltd. (stock code: 605020), founded in 1998, is mainly engaged in the production, operation, and development of new safety and environmental protection refrigerants, fluorinated polymer materials, and other fluorochemical products. It is a fluorine chemical production enterprise with a relatively complete domestic industrial chain integrating raw material ore mining, research and development, production, warehousing, transportation, and sales, The main products include fluorocarbon chemicals (R22, R152, R143a, R32, R125, etc.), mixed refrigerants (R410A, R404A, etc.), fluoropolymer materials (FEP, HFP, PTFE, etc.), as well as hydrofluoric acid, fluorite powder, fluorite lump ore, etc.

Layout of Main Fluorochemical Products of Yonghe Shares

By the end of 2022, Yonghe Shares had 2 mining rights and 3 exploration rights for fluorite, with an annual production capacity of 135000 tons of anhydrous hydrofluoric acid, a single substance production capacity of 140000 tons/year of fluorocarbon chemicals (including 55000 tons/year R22, 10000 tons/year R125, 10000 tons/year R32, and 30000 tons/year R134a), and a production capacity of 12800 tons/year of fluorinated high molecular materials and monomers. The quality and capacity scale of some individual products are leading in China. In addition, the headquarters of Yonghe Co., Ltd. has an annual production capacity of mixing and subpackaging 67200 tons of single refrigerant and mixed refrigerant.

Currently, Yonghe Co., Ltd. has completed the entire industrial chain coverage of fluorochemicals and core raw materials, and will continue to focus on fluoropolymer materials and environmentally friendly fluorocarbon chemicals with higher added value in the future.