Shenghong Group's total investment of 127 billion yuan project landed in Inner Mongolia

Recently, the People’s Government of Ordos and Shenghong Holding Group Jiangsu Silbang Petrochemical Co.

Recently, the People’s Government of Ordos and Shenghong Holding Group Jiangsu Silbang Petrochemical Co.
, Ltd.
signed a green new material circular economy industrial park project investment agreement at Jinji Lake Hotel, Wuzhong District, Suzhou City, Jiangsu Province.
Shenghong’s 100 billion yuan investment project was officially Landed in Dalat Economic Development Zone.
The total investment of the project is 127 billion yuan, which will be carried out in two phases.
The first phase investment is 67 billion yuan.
It is planned to be fully completed by August 2024.
It will mainly build methanol and downstream production of acetic acid, formaldehyde, acrylic acid, 1.
8 million tons / year of olefins and A variety of high-end new materials and fine chemical products such as degradable materials and super absorbent resins; the second phase of investment is 60 billion yuan, which is planned to be implemented in March 2027 and completed in August 2030.
It will mainly build methanol, methanol-to-olefins and new downstream chemical materials Installation items.