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On the evening of January 12, Rongsheng Petrochemical announced that the \"40 million tons per year integrated refining and chemical processing project (Phase II)\\", which was built by its holding subsidiary Zhejiang Petrochemical Co., Ltd. in the Zhoushan Green Petrochemical Base, has been put into full operation. According to the announcement, as of now, the oil refining, aromatic compounds, ethylene, and downstream chemical production units of the second phase of Zhejiang Petrochemical’s integrated refining and chemical processing project have all been put into operation for trial runs, thereby completing the entire production process. Rongsheng Petrochemical stated that once Phase II of the project is put into operation, Zhejiang Petrochemical will gain an additional refining capacity of 20 million tons per year, as well as a production capacity of 6.6 million tons per year for aromatics and 1.4 million tons per year for ethylene. This will lead to improved yields for chemical products, greater diversity of such products, and higher added value of the outputs. The petrochemical project operated by Zhejiang Petrochemical in Zhoushan has a total investment of 173.085 billion yuan. It is one of the largest projects launched during the 13th Five-Year Plan period, amid the trend of opening up the petrochemical industry to private enterprises. The first phase of this project was fully put into operation at the end of 2019.