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On May 28, the official commissioning ceremony was held for the Zhongjing Petrochemical • Fujian’s first propane dehydrogenation project, with a total investment of 3.5 billion yuan. PDH has an annual production capacity of 800,000 tons, providing propylene raw material for downstream PP. At present, the first phase of the Zhongjing Petrochemical Technology Park in Jiangyin, Fuqing has been put into operation; it involves an investment of 18 billion yuan and generates an output value of 30 billion yuan ; The second-phase project, with a total investment of 16 billion yuan and total output value of 70 billion yuan, will be completed and put into operation in phases by 2023 ; The total investment for the third-phase project is 18 billion yuan. It will use hydrogen, a by-product, as raw material to further extend the industrial chain, aiming to achieve an output value of 50 billion yuan; all facilities are set to be put into operation by 2024. The planned annual production capacity includes 800,000 tons of maleic anhydride, 600,000 tons of BDO, 300,000 tons of biodegradable materials, and 150,000 tons of modified fully biodegradable materials. In addition, there are also 800,000 tons of poly**furan, 100,000 tons of spandex, 800,000 tons of hydrogen peroxide, 400,000 tons of propylene oxide, and 300,000 tons of polyether polyols, among others.