原文：http://shenzhen.chinacompositesexpo.com/en/news-detail-92-15760.htmlMay 9, Donghua Energy held a signing ceremony with Maoming Branch, China Construction Bank (CCB) for a syndicated loan agreement to support its carbon fiber project in Maoming. The substantial funding will ensure a rapid construction progress.


The Donghua Energy T1000 carbon fiber project has a total investment of 3.737 billion yuan the construction of which has been commenced in May 2024. The project will be implemented in two phases. Upon completion of Phase I, it will achieve an annual production capacity of 4,800 tons of high-performance carbon fiber, with self-supplied polyacrylonitrile (PAN) powder for internal use.

As the lead bank of the syndicated loan, CCB will leverage its professional advantages in financial products, cross-border services, and risk management to provide comprehensive, customized financial services for the project, according to Zhang Xuefeng, Deputy Head of CCB Guangdong Branch.

The project will utilize China's leading polymerization process and dry-jet wet spinning technology to produce high-performance, low-cost carbon fiber. Since carbon fiber production lines require continuous operation without turns or multi-level layouts, the facility will extend over 500 meters, making it China's longest and fastest carbon fiber production line.

"The successful signing of this syndicated loan provides solid financial support for the smooth progress of the project," said Wang Mingxiang, President of Fuji Investment Group and actual controller of Donghua Energy. He expressed confidence that with strong government and banking support, the carbon fiber project will become an industry benchmark and contribute significantly to local economic development.

Liang Rongjie, Vice Mayor of Maoming, emphasized that the project is a key component for the downstream supply chain at Maoming's zero-carbon industrial park. Upon operation, it will complete the "propane → propylene → acrylonitrile → carbon fiber" industrial chain, accelerating Maoming's transformation from an "oil city" to a new materials hub. This initiative will create a new development path for advanced materials in Maoming and Guangdong, with strategic significance for fostering new quality productive forces.

Currently, Phase I construction is progressing rapidly: Main structures for carbonization workshop, spinning workshop, and storage facilities have been complete;. Equipment foundations for the carbonization workshop are ready, with installation to begin shortly; 80% of steel structure work has been finished

The project aims to begin trial production in the carbonization section by October 2024, with full-line trial production expected by year-end.
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