The polyolefin plant of Zhejiang Petrochemical (Phase II) has entered the countdown phase before commissioning

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The 40 million tons per year integrated refining and petrochemical project at the Zhoushan Green Petrochemical Base (Phase I + Phase II) is currently the largest single-industry investment project in the world. Zhejiang Petrochemical integrates three product chains for refining, ethylene production, and aromatic compounds. The overall yield of refined products in the first phase of the project is 35%; it is expected that this yield will drop to 29% after the second phase comes online, which is far lower than the 60% level seen in traditional refineries, thus enabling true utilization of crude oil to the fullest extent. On April 16, 2021, as the centenary anniversary of China’s founding approached, the No. 2 ethylene plant with a capacity of 1.4 million tons per year in Zhejiang Petrochemical, designed by Beijing Global Company, began producing high-quality ethylene products. The plant operated smoothly, and the project was launched successfully on the first attempt! The construction of Phase 2 is expected to be completed in full by the end of 2021. Zhejiang Petrochemical’s plan to have an intermediate production capacity of 4.2 million tons of ethylene, with a long-term capacity of over 8 million tons, will make it the largest ethylene production base in China. Rongsheng Petrochemical has established an industrial chain that spans \"from a drop of oil to all things in the world,\" with products including upstream petrochemical refining, midstream chemical products, and downstream fiber optics and new materials. The company’s upstream petrochemical refining process starts with crude oil, from which finished products such as gasoline, diesel, and aviation kerosene are produced. Light naphtha, one of the refining products, is further processed into olefins, which are then used to manufacture chemical products. With the full commissioning of Zhejiang Petrochemical’s 40 million tons per year refining and chemical processing facility in 2021, the company has achieved a business model that covers \"everything from a single drop of oil.\" Starting from crude oil, it produces a variety of chemical products, thereby transforming itself from a polyester fiber manufacturer into a global leader in the refining and chemical industry. Polyethylene is one of the five major synthetic resins worldwide, with a wide range of end-use applications. Depending on the different polymerization methods, PE with varying densities can be produced, among which LDPE, LLDPE, and HDPE are the most common. These types of PE are primarily used to manufacture films for agricultural, food, and industrial packaging, as well as for insulating and coating wires and cables. It is reported that the second phase of Zhejiang Petrochemical’s project is expected to put into operation a 450,000-ton full-density production unit in mid-August, while a 350,000-ton high-density production unit will start operating at the end of August to the beginning of September. The 400,000-ton low-density production unit is expected to come online in the fourth quarter. Zhejiang Petrochemical has planned to build a production capacity of 300,000 tons of photovoltaic-grade EVA, using Basel technology, and the implementation is currently in progress.