Significant progress has been made on 5 billion-yuan projects in Tianjin Nangang!

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On July 22, it was announced at a press conference held in the Tianjin Economic-Technological Development Area (specifically for the Nangang Industrial Zone) that as the sole location in Tianjin for the high-quality development of the petrochemical industry in the future, the Tianjin Municipal Party Committee and government have always attached great importance to the development and construction of the Nangang Industrial Zone. In the report of Tianjin’s 12th Party Congress, further efforts were made to turn this industrial zone into a world-class base for green chemical and new material production, considering this an important task in implementing the strategy of developing Tianjin through manufacturing and in building a modern industrial system. The Tianjin Nangang Industrial Zone is actively promoting the development of the green petrochemical industry, striving to establish it as a world-class base for green chemical and new material production in Tianjin Nangang Industrial Zone. This is regarded as an important task in implementing the strategy of building the city through manufacturing and in fostering the development of a modern industrial system. As of the end of June 2022, the Tianjin Nangang Industrial Zone had seen 130 physical projects signed, with a total investment of nearly 170 billion yuan. Of these, 90 enterprises have been completed, while 24 projects are under construction, with a total investment of around 70 billion yuan. Secondly, significant progress has been made on 5 projects worth 10 billion each. First is the ethylene project invested in by Sinopec Group, with an investment of over 30 billion yuan. Utilizing advanced domestic and international process technologies from Sinopec, Ineos, and other companies, 13 production units are being built to manufacture 1.2 million tons of ethylene per year as well as a range of downstream new materials. The main products include high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), polyolefin elastomers (POE), α-olefins, and ultra-high molecular weight polyethylene. These units and products are of high quality; some serve to replace imported goods with domestically produced alternatives, while others fill gaps in China’s manufacturing capabilities. As of now, the project is progressing rapidly, with a total investment of 6.5 billion yuan already made. On July 16, the first large-scale equipment, the propylene tower, was lifted into place, marking the official entry of this mega-project into the critical phase of equipment installation and outfitting. According to the schedule, the project is set to be fully handed over at the end of 2023 and put into operation in the first half of 2024. The second is the Tianjin Bohua Nangang New Materials Base, for which 21.7 billion yuan has been invested. Seven production facilities have been built there, including ones capable of producing 1.8 million tons of MTO (methanol-to-olefins), 600,000 tons of caustic soda, 800,000 tons of polyvinyl chloride, 200,000/450,000 tons of propylene oxide/styrene, 300,000 tons of polypropylene, and 100,000 tons of hydrogen peroxide. A liquid chemical terminal and storage area were also constructed as part of this facility. It took more than three years to build this base, which went into full operation in the first half of this year. This project has enabled the old enterprise to undergo a complete transformation and upgrade. It has paved the way for state-owned chemical enterprises in China to adopt modern petrochemical technologies to transform traditional salt-based chemical industries, thus achieving green, efficient, and intensive development. Plans are now in place for a second phase of construction. Third is the China-Saudi Arabia new materials project, with a total investment of 10.2 billion yuan. It aims to produce 260,000 tons per year of polycarbonate, and the facility utilizes SABIC’s phosgene-free melt polycarbonate technology – the first such process in China and one that is at the world’s advanced level. Qualified products have already been produced by this project in the first half of the year. Fourth is Sinopec’s LNG project; the total investment for phases one and two exceeds 18 billion yuan. At the end of last year, the second berth was put into operation, making it the first receiving station in China to have two berths. Last year, over 6 million tons of LNG were received at this facility. Phase two of the project will come online next year, and once completed, the capacity for receiving LNG will exceed 10 million tons. Fifth is the Beijing Gas LNG project, with a total investment of 20.1 billion yuan. The project will begin operations gradually throughout the year, and its unloading capacity will exceed 5 million tons once it is in operation. Once both of these LNG facilities are in operation, the Tianjin Nangang Industrial Zone will become the largest LNG unloading base in China, thereby playing a key role in ensuring the energy security of the capital. In addition, 12 new high-end fine chemical projects in the mid- and downstream sectors, such as Huntsman polyurethanes, Norilsk peroxides, and Xinyang unsaturated resins, have been completed and put into operation. Another 24 projects, including Green Diamond Gas, have entered the construction phase, marking a new stage of major project development and operation in the Tianjin Nangang Industrial Zone.