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Recently, progress has been made on various PDH projects, including the accelerated advancement of planned and ongoing projects, with some companies launching their own PDH projects. Environmental impact assessment for Juzhengyuan’s Jieyang PDH project; construction scheduled to begin in December this year. On September 2, the environmental impact report for the Juzhengyuan (Jieyang) New Materials Base Project was put up for public review. It is understood that the project constructor is Jieyang Juzhengyuan Technology Co., Ltd., with a total investment of approximately 15.6 billion yuan. The main facilities included in the project are: a 600,000-ton/year propane dehydrogenation unit, a 300,000-ton/year polypropylene unit, a 160,000-ton/year acrylic acid and 200,000-ton/year butyl acrylate production unit, a 300,000-ton/year butanol/octanol unit, a 150,000-ton/year EVA unit, a 600,000-ton/year acetic acid and ester production unit, a 300,000-ton/year vinyl acetate unit, a 760,000-ton/year cryogenic gas separation unit for syngas (including a 5,000-ton/year PSA hydrogen purification unit), as well as two 175 t/h tail gas recovery units. It is reported that the propane dehydrogenation unit of this project will utilize Rumus Company’s Catofin process. Jieyang Juzhengyuan Technology Co., Ltd., drawing on its extensive experience in the propane dehydrogenation sector and combining it with the advanced technologies of its partners in the acrylic acid and acetic acid industries, will use the abundant propane available in the market, as well as the syngas and ethylene resources from the Guangdong Petrochemical project. Once completed, the project is expected to generate an annual output value of 17.44 billion yuan and tax revenues of 2.367 billion yuan. At present, all preliminary work for this project is being carried out at full speed, with construction scheduled to begin in December 2022. A preliminary environmental impact assessment has been conducted recently for Bohai Chemical’s 600,000-ton PDH plant. The comprehensive utilization project of light hydrocarbons carried out by Tianjin Bohai Chemical Co., Ltd. involves an investment of 10.06 billion yuan; the construction scope of this project includes a 600,000-ton/year propane dehydrogenation plant, a 350,000-ton/year phenol propionate plant, a 240,000-ton/year bisphenol A plant, a 240,000-ton/year acrylic acid plant, a 300,000-ton/year butyl acrylate plant, as well as the associated utility systems and auxiliary production facilities. As early as May 5, the company issued a announcement regarding investment in this project, planning to start construction in 2022 and complete it and put it into operation by 2025. This project highlights the company’s advantages and strengths in the carbon trio industry chain, aims to expand and improve this chain, and strives to create a first-class integrated project with seamless connectivity between upstream and downstream entities. Meide Petrochemical announces the second environmental impact assessment for the modification of its 900,000-ton PDH project. On September 27, Fujian Meide Petrochemical issued a notice regarding the second environmental impact assessment related to this project modification. According to the environmental impact assessment report, the 900,000-ton PDH project (also known as the “Phase II PDH project”), after the modifications, covers an area of 47,109.50 m2. It is located within the Fujian Zhongjing Technology Park site in the Jiangyin Industrial Cluster Area of Fuzhou City. The main construction involves one set of PDH units using the Catofin process to produce propylene monomer, with a production capacity of 900,000 tons per year. In terms of project progress, the second-phase PDH project commenced construction in June 2021 and is expected to be completed by October 2023. The civil engineering work has been largely finished, and equipment installation has now begun. In terms of economic benefits, after the changes to the Phase II PDH project, the total investment amounts to 3,026 million yuan, of which 2,866.38 million yuan is allocated to construction costs. The project construction period is extended by 3 years. The after-tax internal rate of return for this project is 17.49%, which is higher than the industry benchmark of 10%. According to the proposed financing plan, after the project goes into operation, it will generate an annual operating income of 738,000 million yuan, with a net profit of 41,637 million yuan. The post-tax financial internal rate of return for the project is 17.49%, while the post-tax return on equity is 26.65% ； The post-tax net present value of the project is 1,315.06 million yuan. The static payback period is 7.46 years (including the construction period), and the return on total investment (ROI) is 18.0%. Thus, the project boasts strong profitability. The 660,000-ton/year PDH project in Fujian is scheduled to be put into operation in the first quarter of 2023 in the Nanshan area of the Quangang Petrochemical Industrial Park. At the construction site of Quanzhou Guoheng Chemical Project, there is a bustling atmosphere of intense work: machinery and equipment are moving back and forth, while over 2,300 workers are laboring on-site to make up for any delays in the schedule. In March 2020, the project was launched in Quangang, with Taiwan’s Guoqiao Petrochemical Co., Ltd. investing 11.6 billion yuan in its construction. As planned, the project will cover an area of 800 mu, and it will include new facilities for propane dehydrogenation (PDH) with a capacity of 1 million tons per year, as well as polypropylene (PP) production facilities with a capacity of 900,000 tons per year. Once completed and put into operation, it is expected to generate an annual output value of 10 billion yuan and annual tax revenues of 1 billion yuan. The project is planned to be constructed in two phases. Phase I involves the construction of a 660,000-ton/year propane dehydrogenation (PDH) unit and a 450,000-ton/year polypropylene (PP) unit. Mechanical completion is scheduled for the end of 2022, with full commissioning expected in March next year ； Phase II of the project is scheduled to commence in the second half of 2023 and be completed and put into operation by the end of 2025. The total planned investment for Phase 1 of the project is 6.3 billion, with 1.2 billion already invested as of the end of March this year. The planned investment for the whole of 2022 is 4.1 billion. “Currently, 80% of the civil work has been completed, with completion planned for next month ； Regarding public auxiliary facilities, 60% of the work has been completed. ”Factory Director Liang Renjie said that the largest piece of equipment in terms of size and weight for the project—the propylene-propane separation tower—was recently delivered to the park. It is over 106 meters in length and 10 meters in diameter; after being fitted with all its components, it weighs approximately 1,600 tons. A crawler crane designed to lift the separation tower has also been brought on site; this machine is capable of lifting equipment weighing up to 4,000 tons, and it is relatively rare in the country. Around mid-June, this “giant” will be completed and become a “landmark” for Guoheng. On August 31, Zibo Haiyi’s 250,000-ton/year PDH plant began operations; the plant, which is a subsidiary of HSBC Petrochemicals, started producing qualified products, marking its official commissioning. Reportedly, the facility was completed in March this year; it took nearly five months to become operational. This marks a major breakthrough for HSBC Petrochemicals in extending its industrial chain and transitioning from a fuel-oriented enterprise to one engaged in fuel chemical production. 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 infrastructure. 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 footprint, and reduced investment costs ； The polypropylene is produced using the SPG polypropylene process, which is a continuously operated polypropylene process developed independently. 2.8 billion! Jingbian County plans to build a 300,000-ton PDH plant; the list of key construction projects for Jingbian County’s Economic Development Zone in 2022 includes the “300,000-ton propane dehydrogenation to produce propylene project”. https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/dd240267c1d24852b92079f64801b9ae~noop.image?_iz=58558&from=article.pc_detail&x-expires=1666918409&x-signature=1%2BWQ3Xiv8PxqzmgKWqrG8QjCWpY%3D https://p3-sign.toutiaoimg.com/tos-cn-i-qvj2lq49k0/5db14394251541af986147b85011f3d3~noop.image?_iz=58558&from=article.pc_detail&x-expires=1666918409&x-signature=2NKEtDb2xvmlKKam0WwWCezlvQ8%3D This project was developed by Shaanxi Jingbei Energy Technology Co., Ltd.; it includes a plant with an annual production capacity of 300,000 tons of polymeric-grade propylene, with some C2 and C4 products being produced as by-products. The project construction period is from 2022 to 2024, with an investment of 2.8 billion yuan. It is reported that the project was approved for registration in November 2019. Fujian Yongrong’s 900,000 tons/year PDH project adopts CATOFIN® technology. On August 23, Rums, a global provider of process technologies and value-driven energy solutions, announced that it had signed contracts with Fujian Yongrong New Materials Co., Ltd. (hereinafter referred to as “Fujian Yongrong”) regarding two important technologies. Fujian Yongrong has chosen Ruums’ CATOFIN® technology for its newly built 900,000-ton per year propane dehydrogenation (PDH) plant located in Fujian Province, China, and Ruums’ Novolen® technology for its newly built 800,000-ton per year polypropylene plant. Rums’ scope of work includes the licensing of CATOFIN® propane dehydrogenation and Novolen® polypropylene technologies, basic engineering design, training, services, and catalyst supply. The newly built 900,000-ton CATOFIN® plant in Fujian Yongrong will become the world’s largest propane dehydrogenation plant, on par with another plant licensed by Lummus in China. The first PDH unit using domestic technology has been put into operation! There is also a second phase of PDH projects scheduled for June 19. The 150,000 tons per year PDH plant operated by Puyang Yuandong Technology Co., Ltd. has been successfully brought online; it is the first PDH plant in China to utilize proprietary technology. It is reported that the total investment in this PDH facility is 1.1 billion yuan; once it is in operation, it is expected to generate an annual output value of 1 billion yuan and profits and taxes amounting to 220 million yuan. The company plans to invest 4 billion yuan to construct Phase II of its PDH project, with an annual production capacity of 750,000 tons. The proposed site is the Puzhou Chemical Industry Park in Fan County, Puyang City, Henan Province. Once completed, Phase II is expected to generate 5 billion yuan in output value and contribute 1.1 billion yuan in taxes and profits. Once Phase 2 is fully operational, the company’s PDH production capacity will reach 900,000 tons per year. Total investment exceeds 20 billion! Guangxi Tongkun Petrochemical plans to build a 600,000-ton PDH facility. Recently, the Management Committee of the Qinzhou Port Area of the China (Guangxi) Free Trade Pilot Zone conducted the first public announcement regarding the environmental impact assessment for the new chemical materials project in the first phase of Tongkun Qinzhou Green Chemical Industry Base, operated by Guangxi Tongkun Petrochemical Co., Ltd. It is reported that the project mainly involves the construction of a 600,000-ton/year PDH plant and a 300,000-ton/year HPPO plant, with a total investment of 20.97 billion. Jinneng Technology has decided to reassign 500 million yuan of the funds raised for use in projects such as a 900,000-ton PDH facility. On June 29, Jinneng Technology announced that, in order to improve the efficiency of using these funds and enhance the company’s performance, it plans to change the allocation of the funds intended for the 2×450,000-ton/year high-performance polypropylene project. The original plan was to use 1 billion yuan from the raised funds for this project, with Jinneng Chemical (Qingdao) Co., Ltd. being the entity responsible for its implementation. The amount involved in this change is 500 million yuan, accounting for 50.04% of the total funds allocated to this project. As of June 15, the 2×450,000-ton/year high-performance polypropylene project has utilized 530 million yuan of the funds raised; the amount proposed for reallocation this time is 500 million yuan. The Jiaotong Yanchang CNPG Taixing Light Hydrocarbons Deep Processing Project, which involves the expansion of Yanchang CNPG’s 600,000-ton PDH plant, was jointly developed by Shaanxi Yanchang Petroleum (Group) Co., Ltd. and China Gas Holdings Limited. The total investment for the project is approximately 10 billion yuan, which will be used to build 2 × 600,000 tons per year propane dehydrogenation units, a 300,000 tons per year polypropylene plant, as well as various supporting utility facilities. The project will be constructed in two phases. One phase of this investment involves around 3.8 billion yuan, with a land area of approximately 500 mu, to build a propane dehydrogenation plant with an annual capacity of 600,000 tons, along with associated utility facilities ； The second-phase investment amounts to approximately 5.8 billion yuan, with a land area of around 496 mu, to build a propane dehydrogenation plant with an annual capacity of 600,000 tons, a polypropylene plant with an annual capacity of 300,000 tons, as well as facilities for producing high-value-added downstream products. The project utilizes imported propane resources and employs advanced, mature, and reliable propane dehydrogenation technology to produce polymer-grade propylene products. The Lihua Yi 600,000-ton PDH and 400,000-ton high-performance PP project commenced operations. On February 25th, Shandong held an event to mark the simultaneous start of major projects in the spring, among which were the company’s projects for producing 600,000 tons of propylene dehydrogenated product per year and 400,000 tons of high-performance polypropylene. The project received environmental impact assessment approval in January 2021, with a total investment of 5.74 billion yuan; it mainly involves the construction of one propane dehydrogenation unit with an annual capacity of 600,000 tons and two high-performance polypropylene units, each with an annual capacity of 200,000 tons. Source: China Chemical Industry Information Weekly