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On March 26, the second public tender for the consulting services on the feasibility study of the Dalian Petrochemical (Xizhongdao) integrated refining and chemical processing project was won. Selected candidate: Petroleum and Chemical Industry Planning Institute. The feasibility study report for the Dalian Petrochemical (Xizhongdao) integrated refining and chemical project has been approved by the joint-stock company. The project owner is the Dalian Petrochemical Branch of China National Petroleum Corporation, and the funding comes from the branch’s own funds, with a contribution rate of 100%. Transferring project reserves to the planning and approval stage is a challenging process that requires high expertise, as well as a good understanding of national, local, and industry-related development policies. It is necessary to engage a professional agency with a thorough understanding of the policies related to the petrochemical industry and strong technical expertise to provide guidance and consultation, thereby helping the project meet the required standards as soon as possible and enabling it to start operations at the earliest opportunity. Basic information on CNPC Dalian Petrochemical (Xizhongdao) Integrated Refining and Chemical Processing Project: The project is located in the Changxing Island Economic Zone, with a total investment of nearly 70 billion yuan. It mainly involves the construction of a chemical-type refinery with an annual capacity of 10 million tons, facilities for producing 1.2 million tons of ethylene per year along with downstream products such as low-carbon olefins, as well as systems for oil storage and transportation, utility facilities, auxiliary equipment, and off-site infrastructure.
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