[Ocean River Project Information] China Wanda will focus on promoting 450,000 tons of propane dehydrogenation and 1.2 million tons of ethylene

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On the morning of May 19, China Wanda Group Tianhong Chemical signed a strategic cooperation agreement with Honeywell UOP. Wanda Group stated that in the next step, Wanda Group will target the integrated development chain of port logistics, petrochemical and rubber, and take the inauguration of Wanda Petrochemical Research Institute as a new opportunity to integrate resources, deepen innovation, stimulate vitality, deepen cooperation with industry giants such as Honeywell and Petroleum University, and universities and colleges, and make every effort to extend, expand, supplement and strengthen the chain, focusing on promoting the development of Korul Phase II, The construction work of 450,000 tons/year propane dehydrogenation, 50,000 tons/year MMA, and 2×100,000-ton terminal projects, actively promoting the 1.2 million tons/year ethylene and supporting engineering projects, creating a cluster-type high-quality development industry group, fully promoting Wanda's sustained and stable operations, and constantly making new and greater contributions to the new situation of Dongying's high-quality development in the new era.