The million-ton-scale ethylene and downstream processing facilities of the Gulei integrated refining and chemical project in Zhangzhou, Fujian, have been approved

Thread Content

Fujian Refining & Chemical Co., Ltd.: We have received the document titled \"Request for Approval of the Application for a Million-Ton Capacity Ethylene Plant and Related Downstream Processing Facilities for the Gulei Refining & Chemical Integration Project in Zhangzhou, Fujian\" (Fu Lian Sheng Jian [2016] No. 3), as well as other relevant materials related to the project application. After careful consideration, the approval decisions regarding this project are as follows: First, in order to accelerate the development of the Zhangzhou Gulei petrochemical complex, strengthen the petrochemical industry in our province, and foster deeper cooperation between Fujian and Taiwan in this sector, approval is given for the construction of a million-ton-scale ethylene production facility along with downstream processing units as part of the Fujian Zhangzhou Gulei integrated refining and chemical project. 　　The project owner is Fujian Gulei Petrochemical Co., Ltd., which was established by Fujian Refining & Chemical Co., Ltd. and Xuteng Investment Co., Ltd., each holding 50% of the shares. Xuteng Investment Co., Ltd. is 100% controlled by Ever Victory Global Limited, a petrochemical company from Taiwan, which was founded in **. 　　II. The project location is the Gulei Petrochemical Base in Zhangzhou. 　　III. Main construction contents and scale of the project The core facilities include 16 chemical processing units, such as an ethylene steam cracking plant with a capacity of 800,000 tons per year, a methanol-to-olefins plant with a capacity of 1.8 million tons per year, a pyrolysis gasoline hydrogenation plant with a capacity of 300,000 tons per year, an aromatic extraction plant with a capacity of 250,000 tons per year, a butadiene extraction plant with a capacity of 90,000 tons per year, an ethylene-vinyl acetate resin (EVA) production plant with a capacity of 300,000 tons per year, an ethylene oxide/ethylene glycol (EO/EG) production plant with capacities of 270,000/500,000 tons per year, a styrene (SM) production plant with a capacity of 600,000 tons per year, a hydrogen peroxide production plant with a capacity of 200,000 tons per year, a propylene oxide (PO) production plant with a capacity of 300,000 tons per year, acrylate/acryic acid plants with capacities of 160,000/145,000 tons per year, a polypropylene (PP) production plant with a capacity of 350,000 tons per year, a thermoplastic elastomer (SBS) production plant with a capacity of 100,000 tons per year, a light wax (NP) production plant with a capacity of 100,000 tons per year, an alkylbenzene (LAB) production plant with a capacity of 130,000 tons per year, and a methyl tert-butyl ether (MTBE) production plant with a capacity of 60,000 tons per year. Except for ethylene steam cracking and MTO units, the remaining chemical processing units can be appropriately optimized and adjusted as needed, provided that safety and environmental protection are ensured. 　　Utility systems: water treatment plants, air separation and air compression units, cogeneration plants and chemical water treatment stations, condensate stations, circulating water systems, power supply systems, fire protection systems, central control rooms, sewage treatment plants, flare systems, external pipe corridors, raw material storage areas, coal transfer trestles, underground sewage pipelines, etc. From the perspective of production safety in the ethylene and MTO plants, the high-pressure and ultra-high-pressure steam required for the project will be supplied by three newly built boilers, each with a capacity of 440 tons per hour (two in operation and one as a backup), along with two backpressure units rated at 50,000 kW each. These boilers shall be constructed and operated in accordance with the environmental standards applicable to gas boilers. The medium-pressure and low-pressure steam needed for the project will be provided by Huaneng’s centralized heating facilities; the specific implementation details shall be determined by your company in consultation with Huaneng Fujian Company, in line with relevant regulations set by ** and the provincial authorities. 　　IV. The total investment in the project is 34.57 billion yuan (of which 700.61 million US dollars is in foreign currency). Of this amount, 11.52 billion yuan constitutes the capital contribution, accounting for about one-third of the total project investment, with Fujian Refining and Chemical Co., Ltd. and Xuteng Investment Co., Ltd. each contributing 50% of this amount; the remaining portion is financed through bank loans.