With a total investment of nearly 100 billion, a major petrochemical downstream project is coming! !

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Recently, the Daishan area of the Zhoushan zone in the Zhejiang Free Trade Pilot Zone is accelerating the development of an advanced manufacturing cluster for green petrochemicals. On the remaining area of just over 4,000 mu, high-performance resin projects and advanced new material projects, with a total investment of nearly 100 billion yuan, are making efforts to get the first sets of facilities operational by September this year. The two projects are scheduled to come online gradually by the end of 2025, adding another hundreds of billions of yuan to industrial output at that time. “Building on the Phase 1 and Phase 2 projects of the base, we plan to further reduce oil usage and increase value addition, extend the industrial chain, and move toward the development of high-end, green, and functional new materials in downstream areas. ”A relevant official from the management committee of the Zhoushan Green Petrochemical Base said. In 2023, Zhoushan will strengthen its petrochemical and new materials industry, making every effort to secure approval for the third phase of the green petrochemical base; the third ethylene production facility will go into operation, the first units of the high-performance resin production facilities will be completed and put into use, and investments in high-end new materials projects will exceed 10 billion yuan. 1. The total investment for the high-performance resin project is estimated to be 19.2 billion yuan. Upon completion of the project, it is expected to generate annual operating revenue of 27.4 billion yuan and annual net profit of 2.42 billion yuan. Construction contents: Using the chemical products produced by the first and second phases of Zhejiang Petrochemical as primary raw materials, new facilities will be built including an LDPE/EVA (tubular) plant with a capacity of 300,000 tons per year, an EVA (batch) plant with a capacity of 100,000 tons per year, an LDPE plant with a capacity of 400,000 tons per year, a DMC plant with a capacity of 200,000 tons per year, 3 PMMA plants each with a capacity of 60,000 tons per year, and an ABS plant with a capacity of 1.2 million tons per year. 2. The total investment in high-end new material projects is expected to be 64.1 billion yuan. Upon completion of the project, it is expected to generate annual operating revenue of 64.5 billion yuan and annual net profit of 11.36 billion yuan. Project details: Efforts will be made to improve the efficiency of the facilities associated with the 40 million tons per year integrated refining and chemical processing plant. It is planned to build a new catalytic cracking unit with a capacity of 4 million tons per year, an α-olefins unit with a capacity of 350,000 tons per year, 2 × 200,000 tons per year POE polyolefin elastomer units, a polybutylene-1 unit with a capacity of 80,000 tons per year, an acetic acid plant with a capacity of 1 million tons per year, 2 × 300,000 tons per year vinyl acetate units, an EVA/LDPE (tubular) unit with a capacity of 300,000 tons per year, 2 × 150,000 tons per year adipic acid units, an adiponitrile unit with a capacity of 250,000 tons per year, an adipamide unit with a capacity of 280,000 tons per year, a nylon 66 salt plant with a capacity of 500,000 tons per year, a maleic anhydride plant with a capacity of 600,000 tons per year, a 1,4-butanediol plant with a capacity of 500,000 tons per year, a PBS unit with a capacity of 200,000 tons per year, a poly**furan unit with a capacity of 120,000 tons per year, an NMP unit with a capacity of 30,000 tons per year, a nitric acid plant with a capacity of 270,000 tons per year, an acrylonitrile plant with a capacity of 660,000 tons per year, a SAR unit with a capacity of 200,000 tons per year, a carbon dioxide reforming unit with a capacity of 300,000 standard cubic meters per hour, a methanol plant with a capacity of 1 million tons per year, a synthetic ammonia plant with a capacity of 600,000 tons per year, and a bisphenol A plant with a capacity of 240,000 tons per year, along with various related utility systems. 3. The project for 1.4 million tons per year of ethylene and related downstream chemical plants is expected to require a total investment of 34.5 billion yuan. Upon completion of the project, it is expected to generate annual operating revenue of 35.5 billion yuan and annual net profit of 220 million yuan. Project contents: Construction of facilities for producing 1.4 million tons per year of ethylene, 300,000 tons per year of vinyl acetate, 380,000 tons per year of polyether polyol, 270,000/600,000 tons per year of PO/SM, 400,000/250,000 tons per year of phenol propylene copolymer, 250,000 tons per year of butadiene extraction product, 350,000 tons per year of high-density polyethylene, 400,000 tons per year of ABS, 100,000 tons per year of HRG latex, 60,000 tons per year of melt-blown styrene rubber & 100,000 tons per year of rare earth cis-butadiene rubber; as well as facilities for the hydrogenation of 750,000 tons per year of pyrolysis gasoline, extraction of 100,000 tons per year of styrene & 30,000 tons per year of ethylbenzene, production of 600,000 tons per year of styrene, and 200,000 tons per year of ethylene carbonate (including a facility for carbon dioxide recovery from 240,000 tons per year of ethylene glycol). Additionally, there will be an ethylene glycol production plant of 800,000 tons per year, as well as supporting facilities such as tank farms, air separation units, surface flares, packaging and storage areas, circulating water systems, accident containment tanks, and rainwater monitoring tanks.