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On August 31, Zibo Haiyi, a subsidiary of HSBC Petrochemical, successfully produced qualified products from its 250,000 tons per year PDH plant, marking the commissioning of this PDH facility. It is reported that the facility was completed in March this year, and it took nearly 5 months to bring it into operation; through this, HSBC Petrochemical achieved a significant breakthrough by extending its industrial chain and transitioning from a fuel-based business to a fuel-chemicals-based one. In addition, the 150,000 tons per year PP plant supporting PDH has also been put into operation. It is reported that the PDH unit is one of the main components of the Zibo Haiyi Carbon Trimer Comprehensive Utilization Project. The carbon tri-project had its foundation-laying ceremony on November 8, 2019. It is one of the first batch of projects selected from Shandong Province’s list of major projects for the transformation of old and new economic drivers. With a total investment of nearly 1.5 billion yuan, it is located in HuanTai Economic Development Zone in Zibo, covering an area of 66 mu. The project includes the construction of a new PDH unit, a PP unit, a warehouse for polypropylene products, as well as various supporting facilities. The PDH unit utilizes UOP’s Oleflex process, which offers advantages such as process safety and reliability, low energy consumption, minimal environmental impact, small land use, and reduced investment costs ； Polypropylene is produced using the SPG polypropylene process, which is a continuously operated polypropylene process developed independently.