[Haichuan Project Updates] Zhejiang Shangyu to invest 20.8 billion yuan in building a 1.5-million-ton propylene dehydrogenation plant
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On the morning of June 28, during the ceremony for the centralized signing of major projects in Shangyu for the second quarter, Zhejiang Yuanjin New Materials Co., Ltd. officially signed an agreement for its integrated project for the comprehensive utilization of alkane resources, with a total investment of 20.8 billion yuan; this project will be located in the Economic Development Zone. City leaders Ma Weiguang, Sheng Yuechun, and Shao Quanmao attended the event to offer their congratulations, while district leaders Xu Jun, Jin Jinfu, Chen Jian, Zhao Wenzhong, and others were also present. Xu Jun, Secretary of the District Party Committee, said that this is the industrial project with the largest single-investment scale in the history of our district; it is a benchmark and flagship project. The implementation of this project holds great significance for our district in building a modern industrial system and creating a high-level intelligent manufacturing platform of “ten thousand mu and hundreds of billions” in the bay area. Jiang Jinxiang, Deputy Secretary of the Party Working Committee and Director of the Management Committee of the Economic Development Zone, signed a project settlement agreement with Yuanjin New Materials. This mega-project is not only the industrial project with the largest single investment in Shangyu’s history, but it is also the largest industrial project invested in so far in Shaoxing City! The project plans to build two propane dehydrogenation units with a capacity of 750,000 tons each for the production of propylene, three polypropylene units with a combined capacity of 1.25 million tons, one hydrogen peroxide production unit with a capacity of 400,000 tons, and one propylene oxide production unit using the direct oxidation method with a capacity of 300,000 tons. In addition, 80,000 tons of hydrogen will be produced as a by-product. Once completed and operational, the project is expected to generate revenues of over 34 billion yuan and profits and taxes amounting to 4.7 billion yuan, making it a significant contribution to the economic development of Shangyu and even the entire Shaoxing region.
One after another, these ultra-large-scale integrated projects are being launched, which has a significant impact on small businesses like ours
Saturn Petrochemical also has a propane dehydrogenation project
Which one in Dongjiakou, Qingdao is also a propane dehydrogenation project?
The technology for the direct oxidation of propylene to propylene oxide?
Yours seems reversed; it’s about using liquefied propane hydrogenation to produce propylene and so on
There is another major project here ===================== Last year, the Bohuo New Port Area of Maoming Port, which embodies Maoming’s century-long dream of having a large port, was officially opened; this port, capable of handling 100 million tons of cargo per year, has enabled Maoming to connect with the world’s marine economy. This year, Donghua Energy has invested 40 billion yuan to enter Binhai Maoming, seizing the trends in the global gasification industry and leveraging the deep-water ports in South China to build propane dehydrogenation projects, with sights set on establishing a world-class polypropylene production base. The preliminary work for the comprehensive utilization of alkane resources has already begun. By then, Maoming’s propylene industry chain will not only cover the Guangdong-Hong Kong-Macao Greater Bay Area, the Beibu Gulf city cluster, and Hainan Free Trade Zone, but it will also extend to the inland areas of central and southern China as well as the southwestern region via the Luozhan Railway and Baomao Expressway. Additionally, it will be connected to the global economy through international maritime routes. It is foreseeable that this will be the largest private-sector industrial project to be introduced in Maoming in its 60 years of existence, and it will help the city develop major industrial clusters worth hundreds of billions. Within the province’s development framework of \"one core, one belt, and one area\" as well as the strategy of integrating with the coastal regions, Maoming will strive to become a modern coastal city with strong industrial capabilities, serving as a new growth pole along the coastal economic belt.
You yourself wrote that 300,000 tons per year of PO can be produced via direct oxidation, and that propylene can only be manufactured through liquid-phase propane dehydrogenation! ! !
According to market research, there is a gradual surplus in the capacity for propane dehydrogenation and downstream processing.
Does anyone know anything about the background of Yuanjin New Materials? I’ve never heard of it before