【Haichuan Chemical Salary News】With a total initial investment of 299.2 billion yuan, the construction of high-end chemical projects in Shandong is in full swing
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At the end of November, Shandong Province organized the first on-site inspection session for the implementation of projects aimed at shifting to new forms of economic development, during which more than 20 key projects in four cities—Weihai, Yantai, Qingdao, and Weifang—were inspected in person. The Kangde Carbon Valley Technology project, with a total investment of 50 billion yuan; the Wanhua Polyurethane Industry Chain Integration – Ethylene project, which features the highest level of technological sophistication in the world; the **Marine Big Science Research Center project** that brings together 13 marine research institutions; and the production facility of Jiehua Biopharmaceuticals, China’s first original biopharmaceutical unicorn company… Along the way, all those involved witnessed the new advantages, changes, and progress brought about by the transition from old to new forms of energy. They evaluated the results achieved, exchanged experiences, and strived to learn from one another, thereby promoting the further development of this important initiative aimed at facilitating such a transition.
As revealed at the observation meeting on Wanhua’s integrated polyurethane industry chain – ethylene project, the total investment in this project is 16.8 billion yuan. By employing international advanced manufacturing processes, along with Wanhua’s independently developed environmentally friendly propylene oxide/styrene co-oxidation technology, it has been possible to industrialize high-end polyolefin products, thereby breaking the international monopoly. More importantly, this project will significantly enhance China’s bargaining power in the liquefied petroleum gas sector, turning Shandong into the largest liquefied petroleum gas trading center in East Asia as well as the largest and most comprehensive base for polyurethane and coating raw materials in Asia, thereby generating annual economic output worth hundreds of billions of yuan.
In Dongying, a key city in the petrochemical industry, projects such as Weilian Chemical’s 2.2 million tons per year integrated utilization of naphtha, which is included in Shandong’s list of high-end chemical projects; Mingyu Chemical’s 1.2 million tons per year ethylene production facility; Hengyi Group’s 1.2 million tons per year integrated production of high-quality caprolactam and polyamides; and Lihua Yi’s 1.0 million tons per year combined olefin and aromatic compounds production facility are currently in the planning and construction phase. The Sinopec Petrochemical Integration Project with a total investment of 56.7 billion yuan and an annual production capacity of 15 million tons has also entered the approval process.
In Weifang, the chemical industry is shifting from an oil-focused orientation to a chemistry-focused one. At present, high-end chemical projects such as the Changyi Petrochemical integration project with a total investment of 37 billion yuan, the Xinhecheng Industrial Park with an investment of 23 billion yuan, Sinochem Hongrun’s heavy aromatics project with an investment of 15 billion yuan, and the Luqing Petrochemical ethylene integration project with an investment of 12 billion yuan are being launched one after another. Wang Xueqing, chairman of Luqing Petrochemical, said that the company’s ethylene integration project has an annual production capacity of 1.13 million tons of products such as carbonyl compounds, dienes, mixed butenes, C6 alkanes, and high-grade rubbers of C12 grade or higher. It is able to make full use of crude oil, enabling full-chain production from crude oil to chemical products.
Heze City is expanding its petrochemical industry chain and advancing further into the fields of olefins and aromatics. Nine projects at Dongming Petrochemical, including one for the comprehensive utilization of 1 million tons per year of light hydrocarbons and another for PTA production at 1 million tons per year, have been included in the province’s list of key projects; these projects will play a crucial role in driving the development of high-end chemicals. Recently, another 12 high-end chemical projects were established in chemical industrial parks in Jining, Wenshang, Jiaxiang and other areas, with a total investment of over 8 billion yuan. According to officials from the Jining Municipal Economic and Information Technology Commission, by 2022 the city’s revenue from high-end chemical industries is expected to reach 140 billion yuan.
Recently, another 12 high-end chemical projects were established in chemical industrial parks in Jining, Wenshang, Jiaxiang and other areas, with a total investment of over 8 billion yuan. According to officials from the Jining Municipal Economic and Information Technology Commission, by 2022 the city’s revenue from high-end chemical industries is expected to reach 140 billion yuan. The \"Development Plan for the High-End Chemical Industry in Shandong Province\" sets a goal of reaching an added value of 510 billion yuan for Shandong’s high-end chemical industry by 2022. To this end, Shandong Province has established a database of high-end chemical projects; the first batch of 35 such projects focuses on new chemical materials and large-scale integrated petrochemical operations, with a total investment of 299.2 billion yuan. Source: Dazhong Daily, Sinochem New Network, etc.; compiled by Qinghu Hydrocarbons Forum