The hottest Yangzi River Petrochemical investment

Yangzi Petrochemical invested 1.2 million tons of propylene project

Donghua Energy Co., Ltd. announced on the 14th that it, together with Jiangsu Feixiang Chemical Co., Ltd. and Jiangsu Huachang Chemical Co., Ltd., plans to jointly invest 1.2 million tons of propane dehydrogenation to produce propylene

on September 14, the above three companies signed a tripartite joint venture agreement to jointly invest in the establishment of Zhangjiagang Yangtze River Petrochemical Co., Ltd. The joint venture is located in Zhangjiagang Free Trade Zone, Jiangsu Province, with a registered capital of 1billion yuan. Among them, Donghua energy contributed 300million yuan, accounting for 30% of the registered capital; Feifei reduced the investment in human resources and invested 400million yuan in chemical industry, accounting for 40%; Huachang Chemical invested 300million yuan, accounting for 30%. It mainly produces olefins, alkanes, polyolefins and fine chemicals synthesized by extension of three types of products involved in the propane dehydrogenation to propylene project. When the hydraulic universal testing machine has vibration verification, it produces high-purity hydrogen and subsequent synthetic products. 2. Research and development of steel bar weldments and related new products, sales of self-produced products and provision of relevant after-sales services

the joint venture will invest a total of about 4billion yuan to build a 1.2 million ton propane dehydrogenation unit to produce propylene. The whole project is divided into two phases. The first phase plans to invest 600000 tons of equipment, which is expected to reach production within three years. After reaching production capacity, it is expected to achieve an annual output of 610000 tons of propylene. Complete all the 1.2 million ton project investment and achieve production within five years

the project will use imported high-purity propane and adopt the current international advanced dehydrogenation production process and device to produce propylene. Propylene is an important basic petrochemical raw material next to ethylene, which is mainly used to produce polypropylene, acrylonitrile, propylene oxide, etc. In China, propylene is mostly used to produce polypropylene, accounting for about 70% of the total consumption of propylene. Polypropylene is a kind of thermoplastic resin with excellent performance, which is widely used in automotive industry, household appliances, electronics, packaging, building materials, furniture and other fields. The production capacity and output of domestic propylene and polypropylene have not been able to meet the domestic market demand, which is in a situation of short supply. The export volume is small, and a large number of propylene and derivatives need to be imported every year. The investment project conforms to the national industrial policy and has good development prospects and economic benefits

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