[Haichuan Chemical News] The Maoming Alkane Resources Comprehensive Utilization Project, with an investment of 40 billion yuan, has commenced construction in Maoming Binhai New Area

At a press conference held in Maoming on the 20th, the project investor, Donghua Energy Co., Ltd., and the technology provider, Honeywell UOP of the United States, jointly unveiled a new generation of propane dehydrogenation process technology at the event, and signed an agreement to apply it in the Maoming project. According to Yuan Gujie, Deputy Secretary of the Maoming Municipal Party Committee and Mayor, the project will be constructed in three phases. With the development of the propane-propylene-polypropylene industry chain as its core, it aims to create a world-class polypropylene production base, which will serve as a foundation for building a world-class green chemical and hydrogen energy industrial park.

“Whether it is project design, equipment selection, facility construction, or future operation and management, efficiency and effectiveness must be subordinated to safety and environmental protection. ”Wang Mingxiang, chairman of Donghua Energy, said at the launch ceremony that the propane dehydrogenation plant being built in Maoming is the first facility in the world to use UOP’s new process. The biggest advantage of this process is that it doubles the single-pass conversion rate, reduces energy consumption by 30%, cuts the plant’s footprint by 25%, utilizes environment-friendly catalysts, allows the plant to operate for more than 3 years, and also results in reduced investment costs. It is reported that the total investment in this project amounts to 40 billion yuan, with a planned land area of around 3,800 mu; it is funded jointly by Donghua Energy Co., Ltd. and Guangdong Jinhui New Materials Equity Investment Center. The approved total investment for the first phase of the project is around 16.6 billion yuan. It involves the construction of 2 PDH units with an annual capacity of 1 million tons each, 4 PP units with an annual capacity of 500,000 tons each, as well as a port facility with 2 berths of 50,000 GT each (including 3 berths of 5,000 GT each), along with supporting storage areas and auxiliary facilities. The project will create nearly a thousand jobs, and it is scheduled to be completed and put into operation in March 2022.

The oil price war initiated by Saudi Arabia led to a sharp drop in crude oil prices, while the weakening of the U.S. economy caused stock market interruptions. U.S. shale oil and gas producers were severely hit, with a wave of company failures occurring. The uncertainty surrounding propane supplies has increased, making it unwise to build propane dehydrogenation projects or propylene cracking facilities at this time.

The future that might be seen is not this brief present moment; it could also be a situation where an arrow is already nocked and must be released