Xinghua seeks public opinions on the EIA of Jiangsu Zhongtuo's stainless steel centralized smelting project
2019-09-11 18:24:10 [Print]
Recently, People's Government of Xinghua sought public opinions on the environmental impact assessment (EIA) of Dainan stainless steel centralized smelting project of Jiangsu Zhongtuo New Material Technology Co., Ltd. for the second time. According to the announcement, the construction site of this project is located in the western part (Circular Economic Industry Park) of Dainan Technological Park. The project mainly uses ferronickel supplied by ferronickel smelting enterprises of Delong Steel in Indonesia and also uses stainless steel scrap in Dainan. The proposed project got investment project license on May 18, 2019 and the total investment will be RMB3 billion (USD422 million), covering an area of 638.8mu. Phase I of the project covers an area of 350mu with the investment of RMB1 billion (USD141 million) and is planned to build workshop for refining and continuous casting of stainless steel. Taking ferronickel, ferrochrome and steel scrap as raw material for production, Phase I holds a designed annual production capacity of 410,000t of high-quality stainless steel billets in the series higher than 300.
In July 2018, Xinghua Southeast City Construction Investment Co., Ltd. and Zhejiang Youyi New Material Company signed iron and steel capacity transfer contracts and the former purchased capacity of 520,000t with RMB275.6 million (USD38.73 million), as the steel-making capacity for Jiangsu Zhongtuo New Material Technology Co., Ltd., the subsidiary of Southeast Company. According to the requirement of capacity reduction transfer, Zhongtuo will get a capacity of 416,000t. On April 28, 2019, the government of Xinghua signed a cooperation agreement with Jiangsu Delong Nickel Co., Ltd. and Delong will obtain shares from Southeast Company, becoming the wholly-owned shareholder of Jiangsu Zhongtuo New Material. Delong will dominate the stainless steel centralized smelting project.
In July 2018, Xinghua Southeast City Construction Investment Co., Ltd. and Zhejiang Youyi New Material Company signed iron and steel capacity transfer contracts and the former purchased capacity of 520,000t with RMB275.6 million (USD38.73 million), as the steel-making capacity for Jiangsu Zhongtuo New Material Technology Co., Ltd., the subsidiary of Southeast Company. According to the requirement of capacity reduction transfer, Zhongtuo will get a capacity of 416,000t. On April 28, 2019, the government of Xinghua signed a cooperation agreement with Jiangsu Delong Nickel Co., Ltd. and Delong will obtain shares from Southeast Company, becoming the wholly-owned shareholder of Jiangsu Zhongtuo New Material. Delong will dominate the stainless steel centralized smelting project.
