Tianjin, China – After the explosion at a Tianjin storage site for hazardous chemicals including TDI in August 2015, the city has been rolling out plans to move chemical companies in the urban area to Nangang Industrial Zone on its coast.
The Nangang park has a planned total area of 200km2 with no residential area in a 10-km radius. A handful of companies, including Botian Chemical and Dagu Chemical, two of China’s largest chlor-alkali companies with capacity in caustic soda, propylene oxide and polyether polyols, have already started their relocation programmes, the park’s economic development office told UTECH-polyurethane.com.
Local reports peg the relocation cost for the two companies, affiliated to state-backed Tianjin Bohai Chemical Industry Group, at CNY 29bn ($4.5bn), with low interest loans from the state and subsidies from local government. Botian was closed at 2015 year-end and Dagu is scheduled to shut down in 2017. Their new site is expected to start trial run in H1 2019.
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