Binhua Group Co., Ltd. announced that the board of directors of the company reviewed and passed a number of proposals for new projects, total investment of the project is about 604 million yuan. These include the new 11,000-ton/year pentafluoroethane project, the 80,000-ton/year oxygen cathode high-tech energy-saving demonstration technology transformation project, and the chemical branch company's new 100,000-ton/year caustic soda project.

According to the announcement, the new 11,000-ton/year pentafluoroethane project is planned to introduce the liquid-gas phase reaction of the Wenji Company of the United States to produce pentafluoroethane, and the product yield rate can reach 97-99%. In terms of energy consumption, investment, operating costs and other aspects are better than the current domestic two-phase gas phase method. After the completion of the project, the production cost of pentafluoroethane will be greatly reduced, and the product quality will also be significantly improved, which will greatly promote the promotion and application of the mixed refrigerant refrigerant. The project construction investment is 223 million yuan, the total investment is 253 million yuan, the average annual sales income is 320 million yuan, and the average annual net profit is 44.94 million yuan. After the entire investment income tax, the financial internal rate of return was 23.26%. The project construction period is from April 2013 to October 2014.

At the same time, in order to promote industrial upgrading, the company plans to eliminate the original 80,000 tons/year of ordinary ion-exchange membrane caustic soda equipment technology and upgrade it to an 80,000-ton/year oxygen cathode ion-exchange membrane caustic soda technology. The project construction investment is 195 million yuan, with a total investment of 209 million yuan, an average annual sales income of 224 million yuan, and an average annual profit of 46.59 million yuan. After the entire investment income tax, the financial internal rate of return was 25.35%. The project construction period is from June 2013 to June 2015.

In addition, in order to meet the needs of users in different industries for caustic soda products and to ease the sales pressure of ion-exchange membrane caustic soda, the company will build a 100,000-ton/year ion membrane caustic soda device to adjust product structure and produce ion membrane caustic soda products. After the project is put into production, it will further increase the market share of caustic soda products. The project construction investment is 130 million yuan, with a total investment of 142 million yuan, an average annual sales income of 243 million yuan, and an annual average profit of 16.7593 million yuan. After the entire investment income tax, the financial internal rate of return was 15.21%. The project construction period is from April 2013 to October 2014.