Total investment of 480 million yuan! The styrene project at Luoyang Petrochemical has been completed
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On July 20, Luoyang Petrochemical held a handover ceremony for the newly built ethylbenzene-styrene complex. As the first styrene project in the province, it marks a significant step forward for Luoyang Petrochemical in accelerating its transition from oil refining to chemical manufacturing, optimizing its product portfolio, and moving up the value chain. This will help Luoyang develop a high-end petrochemical industry cluster worth hundreds of billions of yuan. The new ethylbenzene and styrene plants are integrated facilities, with the ethylbenzene plant primarily supplying raw materials to the styrene plant. Styrene is an important basic organic chemical raw material, primarily used in the production of various synthetic resins and elastomers. It can also serve as an intermediate in the manufacture of pharmaceuticals, pesticides, dyes, etc., offering a wide range of applications and a large market potential.
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