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Juzhengyuan invests 15.6 billion yuan in the industrial project at the Dainanhai base in Jieyang. On May 16, Juzhengyuan announced that it would increase the registered capital of its company in Jieyang from 100 million yuan to 500 million yuan, in order to support the development of this industrial project at the Dainanhai base. Among them, Juzhengyuan contributed 352 million yuan, while Mengtai High-Tech contributed 48 million yuan. The Jieyang Dainanhai Base-based Industrial Project has a total investment of 15.6 billion yuan. It is located in the Dainanhai Petrochemical Industrial Zone in Jieyang City, covering a total area of 0.84 square kilometers, with a building area of 50,427 square meters. It consists of four sub-projects: the new materials base project, the underground vault project, the terminal project, and the supplementary works for the new materials base. The new materials base project is expected to produce 300,000 tons per year of polypropylene products, 41,900 tons per year of acrylic products, 200,000 tons per year of butyl acrylate products, 30,800 tons per year of n-butanol products, 150,000 tons per year of isooctanol products, 388,800 tons per year of acetic acid products, 150,000 tons per year of EVA products, 270,000 tons per year of vinyl acetate products, 20,000 tons per year of butyl acetate products, and 31,700 tons per year of isobutyraldehyde products. The project mainly involves the construction of a propane dehydrogenation unit, a polypropylene plant, acrylic acid and ester plants, butyl octanol plants, an EVA plant, acetic acid and ester plants, vinyl acetate plants, a deep cryogenic separation unit for syngas (including a PSA hydrogen extraction unit), as well as supporting facilities. The first-phase project plans to build facilities for 160,000 tons per year of acrylic acid and 200,000 tons per year of butyl acrylate, a 1.5 million tons per year acetic acid plant, a 300,000 tons per year butyl octanol plant, a 980,000 tons per year syngas deep cryogenic separation unit, along with supporting storage, transportation, utility, and auxiliary facilities. Previously, Juchengyuan already had two PDH plants with a capacity of 600,000 tons each in Dongguan; with the commissioning of this 900,000-ton PDH plant in Jieyang, the company’s PDH production capacity will reach 2.1 million tons.