SUNVIC CHEMICAL HOLDINGS LIMITED ("Sunvic Chemical") is one of the pioneer and leading manufacturers of intermediate chemical products, such as Acrylic Acid (AA, 丙烯酸), Acrylate Esters (AE, 丙烯酸酯), as well as PMIDA (N-phosphonomethy lminodiacetic Acid, 双甘膦) and glyphsate (草甘膦) which are fundamental chemicals widely used in the production of many industrial, consumer and agricultural products such as coatings, adhesives, diapers, textiles, detergents, water treatment materials and herbicide (weed killer).
Based in Jiangsu Province, with annual AA capacity of 205,000 tonnes in Yancheng City and another 320,000 tonnes in Taixing City, Sunvic Chemical is the largest producer of AA in the People’s Republic of China (“PRC”) and one of the top 5 producers in the world. Sunvic also has 350,000-tonne AE annual capacity. AE is a downstream product of AA. We have the flexibility to adjust our AA and AE production to meet the market requirement.
We have commenced the construction of the Phase III Taixing AA plant with an annual capacity of 160,000-tonne in Q3 2013. It is expected to be completed and begin production by end of 2014. This expansion is to keep pace with our customers’ expected increased demand for AA.
The Group has decided to shelve the original plan to use the Catalyst-Assisted Cracking Plant (“Cracking Plant”) to crack heavy fuel oil to produce petroleum-related products and propylene until further notice. To optimise the usage of the plant and equipment that are already in place, the Group is in the process of completing the modification and conversion of the Cracking Plant into a production plant for the production of methyl tertiary-butyl ether (“MTBE”) with an annual production capacity of 240,000 tonnes. The production plant for MTBE is expected to be completed and commence its operation from Q3 2013 onwards.
Sunvic Chemical is also one of the largest producers of PMIDA and glyphosate in the PRC with an annual production capacity of 40,000 tonnes and 20,000 tonnes respectively. PMIDA is the main raw material used for the production of glyphosate. Glyphosate is a type of weed killer which is particularly effective in the plantation of transgenic crops.
Sunvic Chemical was listed on the Main Board of the Singapore Exchange Securities Trading Limited ('SGX-ST") on 5 February 2007.