New methanol-to-olefins and phenol/propanol projects being built in Zhanjiang Development Zone!

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New methanol-to-olefins and phenol/propanol projects being built in Zhanjiang Development Zone! Author/Source: Coal-based New Materials Date: 2021-11-09 Clicks: 14 In October 2021, the full draft of the environmental impact assessment for Xinhui Investment Co., Ltd.’s 1.6 million tons per year methanol deep-processing project in Zhanjiang Development Zone was made public for comments. Project Overview: Project Name: 1.6 million tons/year methanol deep processing project. Project Type: New construction. Location: Donghai Island Petrochemical Industrial Park, Zhanjiang Development Zone. Developer: Zhanjiang Development Zone Xinhui Investment Co., Ltd. Project Overview: The total investment for this project is 2,694,976,700 yuan. It involves the construction of a methanol processing facility with a capacity of 1.6 million tons/year for the production of olefins, within the Donghai Island Petrochemical Industrial Park in Zhanjiang Development Zone; in addition, a facility for the production of phenol/cyclohexane with an annual capacity of 485,000 tons will also be built. Upon completion, it will have an annual production capacity of 303,800 tons of ethylene, 318,200 tons of propylene, 21,100 tons of C5 fractions, 23,600 tons of residual C4 compounds, 29,500 tons of fuel gas, 300,000 tons of phenol, and 185,000 tons of propylene. Zhanjiang Development Zone Xinhui Investment Co., Ltd. was established on October 14, 2013, with its registered address at No. 34, Renmin Avenue Middle, Zhanjiang City. The legal representative is Chen Ya. The business scope includes project investment (excluding projects that are prohibited or restricted from investment). Zhanjiang Development Zone Xinhui Investment Co., Ltd. is a wholly-owned subsidiary of Zhanjiang Development Zone Urban Development Co., Ltd., and is under the jurisdiction of Zhanjiang Economic and Technological Development Zone State-owned Assets Operation Company. Zhanjiang Economic and Technological Development Zone was one of the first **-level economic and technological development zones established with the approval of the State Council in November 1984. An export-oriented emerging economic zone has initially taken shape, with six key industries serving as its pillars: steel, petrochemicals, specialty paper, biomedicine, machinery and electrical equipment, and high-tech marine industries. Among them, three projects with a total investment of over 10 billion US dollars – Baosteel Zhanjiang Steel Base, the Sinochem Refining and Chemical Integration Project, and BASF’s Guangdong Integration Base – are located on Donghai Island, serving as drivers for boosting economic development in western Guangdong and new engines for economic growth in the region.