Sinopec Hunan Petrochemical’s projects approved (planned to be built), under construction (about to go into operation), and already in operation for the second half of 2025

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Sinopec Hunan Petrochemical’s projects that have been approved for construction in the second half of 2025, are under construction (on the verge of going into operation), or are already in operation: Approved (planned for construction) project – Hunan Petrochemical and Fosun Plastics’ polyamide-nylon film project: This is a joint venture project between Fosun Plastics and Hunan Petrochemical; on September 26, Fosun Plastics announced that the two parties would establish Hunan Guangxin Polymer New Materials Co., Ltd. to handle this project. The project is planned to incur an investment of 3.469 billion yuan for the construction of production lines for polyamide chips and nylon films; the construction period will be 38 months, with Hunan Petrochemical holding a 40% stake in it. - Hunan Petrochemical’s new 50,000 tons per year oil slurry hydrogenation and purification unit project: According to a progress report dated December 9, the civil engineering and piping work related to this project have entered the construction phase. Meanwhile, all preliminary preparations such as the special construction plan for the hydrogenation facility, as well as the submission of applications for personnel and construction vehicles, have been completed. It is planned to finalize the signing of the approval documents this week, with settlement to be completed by December 20. On December 5, Yunxi District in Yueyang announced the approval for the project’s engineering planning permit. Ongoing project – Hunan Petrochemical’s 1 million tons per year ethylene refining and petrochemical integration project along with related refinery upgrades: Construction began on January 3, 2024. To date, the land for the main construction area has been handed over, the site has been leveled, and most of the dynamic compaction work has been completed. The project is now in the stage of equipment procurement and preparation for the main construction works, with commercial operation expected to begin in 2027. -Hunan Petrochemical’s 170,000 tons per year high-performance epoxy resin production facility project: The project progress is well-defined; equipment installation began in March, and from August to October there was a peak period for civil work completion and equipment installation, with overall progress exceeding 60%. Throughout the construction process, special control measures were implemented, as well as a duty shift system, in order to strictly manage various safety risks such as those related to lifting operations and concurrent tasks. Commissioning of the unit is expected to take place by the end of 2025. The project is currently in the final stage of equipment installation; if things proceed smoothly, it is highly likely that the relevant commissioning tests can be completed by this scheduled date. The project utilizes technology independently developed by Hunan Petrochemical, and upon completion it will reduce reliance on imported related products and enhance the competitiveness of the enterprise. - Hunan Petrochemical Biomass Gasification Flexible Platform Construction Project: Foundation work commenced on July 1, utilizing the pressurized circulating fluidized bed (SFBG) and gas-fluidized bed (SEBG) biomass gasification technologies independently developed by Sinopec. As of December 7, the overall progress of the project is 85%; the main gasification structure has been completed, and the heavy lifting operations have been successfully finished. The mechanical installation is expected to be completed by December 30. - Hunan Petrochemical’s project for the relocation, upgrading, and transformation of its production facility capable of producing 600,000 tons of caprolactam per year – specifically, the distributed photovoltaic canopy project in the new area: On November 24th, workers at the construction site were installing photovoltaic panels. The photovoltaic component of this 1.16-megawatt distributed photovoltaic project in the new caprolactam production area has been completed; the photovoltaic canopy is expected to be finished and connected to the power grid by the end of 2025. - Hunan Petrochemical Smart Logistics Project: Hunan Petrochemical has carried out automated upgrades to the packaging line in the logistics system of Area 2; as of early December 2025, the overall progress of the project is 73%. Among them, the packaging line for SBC products in the rubber division and the renovation of the automated warehouse have entered the final stage; the main equipment in the packaging plant has been installed, while work on installing and testing the automated warehouse is in full swing. Projects in operation – Shanghai Jinshan Baling New Materials Company’s project for producing 250,000 tons of SBC per year: On November 12, 2025, this project was fully completed and put into operation, with a successful first startup; all the products produced passed the quality tests. Thus, the annual production capacity of SBC elastomers at Hunan Petrochemical’s headquarters and its two joint ventures amounts to 800,000 tons, making it the world’s largest manufacturer and R&D provider of SBC elastomers, with a wide range of products and advanced technology.