Capital increase and share expansion of Shandong Yulong Island Refining and Chemical Integration Project

Sinochem News learned from Shandong Energy's official WeChat that on the afternoon of November 22, the Yulong Island Refining and Chemical Integration Project Promotion Conference and Signing Ceremony were held in Jinan
.

At the signing ceremony, the heads of Nanshan Group, Shandong Energy, Wanhua Industry, and Hualu Group signed the company’s "Articles of Association".
The heads of Nanshan Group, Shandong Energy, Wanhua Industry, Hualu Group, and Yulong Petrochemical jointly signed the Share Agreement
.

Public information shows that the project plans to build a crude oil processing capacity of 20 million tons/year, mainly equipped with 10 million tons/year atmospheric distillation unit and 10 million tons/year atmospheric and vacuum distillation unit, light hydrocarbon recovery unit, desulfurization and desulfurization unit, slag Oil refining process equipment such as oil hydrogenation unit, ethylene, pyrolysis gasoline hydrogenation, aromatic extraction, butadiene extraction, EVA/LDPE and other chemical process equipment, supporting public works, auxiliary facilities and sea water desalination, sea water intake and drainage facilities
.

On October 24, 2020, Yulong Island Refining and Chemical Integration Project (Phase I) officially started
.
The project serves as a model for the conversion of new and old kinetic energy and the adjustment of industrial structure in Shandong Province, and its construction will drive the integration of the geo-refining industry in Shandong Province