Donghua Energy (002221.SZ) commences construction of 10,000-ton carbon fiber project

Zhitong Finance App News, Donghua Energy (002221.SZ) announced that on May 21, 2024, the “Donghua Energy 10,000 ton carbon fiber project” officially started. The project was invested and constructed by Donghua Energy (Maoming) Carbon Fiber Co., Ltd., a wholly-owned subsidiary of the company.

According to reports, the overall design of the “Donghua Energy 10,000 ton carbon fiber project” (“project” for short) is an industrial construction project with an annual production capacity of 10,000 tons of high-performance carbon fiber (T800/T1000), which was completed in two phases. The first phase of the project will build 2 spinning lines and 2 carbonization lines, supporting a 10,000-ton polymerization production line using a two-step process, and supporting the construction of production equipment related to dissolution, recycling, water production, nitrogen generation, power generation, etc. After completion, it can achieve an annual production capacity of 4,800 tons of high-performance carbon fiber. The second phase of the project will build 2 new spinning lines and 2 carbonization lines, and a 30,000 ton polymerization line for the two-step process. After the completion of the second phase, it can achieve an annual production capacity of 8,000 tons of high-performance carbon fiber and 23,840 tons of polyacrylonitrile powder. The “Donghua Energy 10,000 ton carbon fiber project” uses aqueous precipitation polymerization, DMSO dissolution, dry spray wet spinning, and two-step preparation processes to achieve industrial production of T800/T1000 carbon fiber. The technology is advanced and reliable, the device is stable in operation, the production cost is low, the product meets market needs, and is highly competitive in the international and domestic markets.

The first phase of the project invested 1,587.813,300 yuan, with a total investment of 178,62373 million yuan; the overall construction of the project required a construction investment of 289,90726 million yuan, with a total investment of 346,493.1 million yuan. The first phase of the project is expected to put into operation the first kiloton line in the first half of 2025, and the first phase of the project will be completed and put into operation in the first half of 2026. Due to the ingenuity of the process, there is uncertainty about the construction and commissioning time of the project.