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In March 2026, the shortlisted candidates for the construction of the land replacement and remediation project for certain plots in the Caofeidian Chemical Park were officially announced, with the winning bid amounting to approximately 260 million yuan. First winner: Hebei Zhongcao Construction Engineering Co., Ltd. Image: Construction scale: The area to be developed is 2.828456 million square meters (approximately 4,243 mu). Construction standards: The bearing capacity of the foundation must be ≥120 kPa, with a elevation of +4.8 m, to meet the requirements for building large-scale petrochemical facilities. Timeline: 7 months, with full completion and delivery by the end of the year. It is reported that this project is being undertaken by the Caofeidian Chemical Industrial Park Management Committee. It is located within the Caofeidian District Chemical Park in Tangshan City, specifically within the area south of Petrochemical North Ring Road, north of Petrochemical North Second Road, east of Petrochemical Middle Road, and west of Petrochemical East Road – an area that forms part of the park’s core industrial zone. As an important part of the infrastructure development in the Caofeidian Chemical Park, land replacement and consolidation efforts will effectively optimize the use of land resources in the area, improve land utilization conditions, overcome the land-related constraints that hinder the establishment of industrial projects in the park, and provide a solid foundation for the introduction of high-quality chemical industry projects. This will help the park optimize its industrial layout and expand its industrial scale. At the same time, the project construction will create local employment opportunities in areas such as construction and maintenance, thereby promoting local economic development and facilitating the improvement of the park’s infrastructure, which in turn enhances the park’s overall capacity to handle various activities. The awarding of the land reclamation contract, the publication of the environmental impact assessment for land reclamation, and the commencement of construction on the key projects all indicate that the Fuhai Tangshan Petrochemical project, with a total investment of 35 billion yuan, aimed at producing 1 million tons per year of olefins through the coupling of methanol and naphtha, will officially enter the substantive construction phase by the end of 2026! On June 10, 2025, the first public notice regarding the environmental impact assessment for the methanol-naphtha coupled olefin production project at Fuhai Tangshan Petrochemical Co., Ltd. was released. Project Overview: Project Name: Fuhai Tangshan Petrochemical Co., Ltd. Methanol-Naphtha Coupled Olefin Production Project. Location of construction: Caofeidian District, Tangshan City. Nature of the project: New construction. Project investment: 345,6114 million yuan. Construction contents: Construction of a 1 million tons per year methanol-naphtha coupled cracking unit along with a total of 17 downstream chemical processing units, as well as the corresponding utility systems and auxiliary facilities within the project boundary. The 17 newly built units are as follows: methanol-naphtha coupled cracking unit, butadiene unit, MTBE/butylene-1 unit (including selective hydrogenation and full hydrogenation units), cracked gasoline hydrogenation unit, aromatic extraction unit, VCM unit, PVC unit, EVOH unit, EVA/LDPE unit, FDPE unit, α-olefin unit, POE unit, PP unit, CHPPO unit, polyether polyol unit, 1,3-propanediol unit, and PTT unit. This project adopts a technology route of methanol-naphtha coupled cracking + light hydrocarbon cracking, and constructs a 1 million ton/year methanol-naphtha coupled cracking unit. The methanol-naphtha coupled cracking section processes methanol and naphtha, producing 350,000 tons of ethylene per year; the light hydrocarbon cracking section processes the ethane, propane, butane produced by the coupled cracking unit as well as some externally sourced butane, resulting in 650,000 tons of ethylene per year. It is understood that the project includes facilities for producing 50,000 tons per year of α-olefins, and 100,000 tons per year of polyolefin elastomers (POE). Fuhai Tangshan Petrochemical Co., Ltd. was established on June 13, 2019. It is 100% controlled by Fuhai (Beijing) Energy Co., Ltd., which in turn is 100% controlled by Fuhai Group Co., Ltd. Fuhai Group is a conglomerate that integrates petrochemicals, coal chemicals, logistics and distribution, chain operation of gas stations, new energy utilization, and real estate development.