Tianjin Bohua Reagent Industry Construction Project Settles in Nangang Industrial Zone
Recently, Tianjin Bohua Asset Management and Operation Co., Ltd., signed an investment cooperation agreement with TEDA, forming a new company called Tianjin Bohai Chemical Reagent Co., Ltd. The project, with an investment of approximately 600 million RMB, is planned to be located in the Nangang Industrial Zone, which will establish a production line of high-purity chemical reagents and electronic chemicals, with an annual output of 25,000 tonnes. Additionally, there will be a chemical reagent packaging and management storage program, with an annual output of 5,000 tonnes. The project is planned to start this year, and will be completed by the end of 2024, with an annual output value of 550 million RMB. By then, a series of chemical reagent products covering a wide range of fields such as new energy, biomedicine, and national defense will be produced, filling a gap in the domestic market.
Nangang Industrial Zone of Tianjin Economic-Technological Development Area is clearly defined as a world-class chemical and new materials base and a petrochemical industry gathering area in the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 for Tianjin. It is the only place to carry the high-quality development of the Tianjin’s petrochemical industry, and a complete petrochemical industry chain has been formed from crude oil extraction to the production and deep processing of chemical products and new chemical materials.
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