[Haichuan Chemical Salary News] Qilu Petrochemical’s 250,000-ton polypropylene project officially signed

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The 250,000-ton polypropylene project of Qilu Petrochemical was officially signed. On October 17, a joint venture project for polypropylene production between Zhangdian District in Zibo City and Qilu Petrochemical was formally signed at the Qisheng International Hotel. The establishment of this project in the Eastern Chemical Industry Zone marks another significant step forward for this zone in driving the transition to new forms of economic development and accelerating high-quality growth. The polypropylene project covers an area of 201 mu, with a total investment of 1.09 billion yuan, and is mainly aimed at building a polypropylene production facility with an annual capacity of 250,000 tons. Upon completion, the project will significantly increase Sinopec Qilu Branch’s market share in the high-end polypropylene sector, filling the gap in the supply of such products within the province. Upon reaching full production capacity, it is possible to achieve annual sales revenue of 2.2 billion yuan, profits of 110 million yuan, tax revenues of 45.93 million yuan, and the creation of 122 new job opportunities.