In recent years, with the expansion of the company's business, KOKSAN Group has established more than 10 years of good cooperative relations with well-known domestic enterprises such as petrochina, Sinopec, Tongkun, Sanfangxiang, China Resources and Wankai. In 2022, KOKSAN Group has officially entered China and has established 4 companies in China.
KOKSAN (Nantong) New Materials Co., Ltd. was registered in September 2024, with an annual output of 2.2 million tons of green polyester new materials project, covering a total area of about 600 mu and a total investment of 710 million US dollars. After completion of the project, the annual sales revenue of 2.09 billion US dollars will be achieved, and 70% will be used for export, which will increase the export trade volume of Nantong by 1.5 billion US dollars.
Technical advantages of the project
The project will adopt the unique process technology and equipment of the world-class engineering company Oerucon Barma Gehuitone (Yangzhou) Engineering Co., LTD., after the melt is cut, the PET slices will be directly entered into the dealdehyde system of Corson's patented technology, and the high-quality bottle grade slices will be produced. This technology is both energy saving and environmental protection, and is the world's first single-line high-performance bottle grade production line.
The second phase of the project will use Corson's proprietary technology to recycle recycled raw materials through the depolymerization reaction, and then enter the continuous polymerization know-how provided by Oerickon Bamaghuitong (Yangzhou) Engineering Co., Ltd. to conduct esterification and polycondensation reactions in the polymerization plant to produce high-quality bottle grade slices with the same quality as the bottles produced from the original materials. This is the first set of domestic single-line production capacity of 100,000 tons/year continuous recycling polymerization production line, that is, to achieve waste (two sets of bottle recycling devices need 220,000 tons of waste bottles per year) to alleviate waste treatment, and to realize the green concept advocated by people in China and the world, both energy saving and environmental protection, and contribute to the protection of the earth.
The implementation of this project will further strengthen the industrial chain of KOKSAN Group, especially the implementation and production of the RPET project, which will greatly promote the environmental protection, energy saving and high-end development needs of China's PET industry chain, and serve the new development concept of environmental protection and carbon reduction of the global PET industry. We will actively respond to national policies, seize market opportunities, increase investment, further expand production scale, enhance core competitiveness, and strive to become a leading enterprise in the industry.
We are full of confidence and expectation for the future development of the project. With the support of the government, we will continue to expand the market, strengthen technological innovation, improve product quality, constantly improve the service system, and strive to achieve the company's long-term development goals.
The implementation of this project further strengthens the industrial chain of KOKSAN Group, and also plays a role in supplementing and extending the chain of Yangkou Port petrochemical industry chain. In particular, the implementation and production of RPET projects greatly promote the environmental protection, energy saving and high-end development needs of China's PET industry chain, and serve the new development concept of environmental protection and carbon reduction of the global PET industry.
We will actively respond to national policies, seize market opportunities, increase investment, further expand production scale, enhance core competitiveness, and strive to become a leading enterprise in the industry. We firmly believe that with the joint efforts of all parties, the project will usher in a better tomorrow!