Rongsheng Petrochemical: Zhejiang Petrochemical plans to invest in a high-end new material project with an estimated total investment of 64.1 billion yuan

Latest News: Rongsheng Petrochemical announced that Zhejiang Petrochemical Co., Ltd. (“Zhe Petrochemical”), a subsidiary of the company, plans to invest in the construction of high-end new material projects, with an estimated total investment of 64.1 billion yuan. According to the estimation of the feasibility study report, after the project is completed, it can achieve an average annual operating income of 64.537 billion yuan and an annual net profit of 11.363 billion yuan.

The content of the project is: The project will tap the potential and increase efficiency of the relevant units of the 40 million tons/year refining and chemical integration project. It is planned to build a 4 million tons/year catalytic cracking unit, a 350,000-ton/year α-olefin unit, and a 2×200,000-ton/year α-olefin unit. /year POE polyolefin elastomer plant, 80,000 tons/year polybutene-1 plant, 1 million tons/year acetic acid plant, 2 × 300,000 tons/year vinyl acetate plant, 300,000 tons/year EVA/LDPE (pipe Type) device, 2×150,000 tons/year adipic acid unit, 250,000 tons/year adiponitrile unit, 280,000 tons/year hexamethylene diamine unit, 500,000 tons/year nylon 66 salt unit, 600,000 tons/year Annual maleic anhydride plant, 500,000 tons/year 1,4-butanediol plant, 200,000 tons/year PBS plant, 120,000 tons/year polytetrahydrofuran plant, 30,000 tons/year NMP plant, 270,000 tons/year nitric acid plant units, 660,000 tons/year acrylonitrile unit, 200,000 tons/year SAR unit, 300,000 standard/hour CO2 reforming unit, 1 million tons/year methanol unit, 600,000 tons/year synthetic ammonia unit, 240,000 tons/year Annual bisphenol A plant, etc. and related utility plants (there may be some plant types or scales that will be adjusted according to market conditions).

The announcement shows that this investment is a positive measure to promote the innovation and development of the petrochemical industry, optimize the mutual supply of raw materials and products of Zhejiang Petrochemical, make full use of the company’s own liquid chemical products, extend the high-end chemical industry chain downstream, and focus on the development of high-end polyolefins with high added value. , engineering plastics, battery electrolytes, nylon and degradable materials and other high value-added products, reducing oil and organic chemical raw materials, will promote Zhejiang Petrochemical from a world-class refining and chemical integration base to a world-leading highland of new chemical materials, It has positive significance for the long-term development of the company.