The project of high-end chemical materials of China Energy was started

On November 4th, the new chemical high-end material industrial park project of Zhongneng High-end New Materials (Hubei) Co.
, Ltd.
started construction in Qianjiang Economic Development Zone
, Hubei Province.

The project was built with an investment of 12.
6 billion yuan by Wuhan Financial Holding Energy Group Co.

, Ltd.
The project construction includes 250,000 tons/year propane-isobutane regular combination plant, 130,000 tons/year maleic anhydride plant, 30,000 tons/year dimethyldisulfide plant, 450,000 tons/year ethylbenzene plant, 200,000 tons/year propylene oxide-450,000 tons/year styrene combined plant, 100,000 tons/year polyether polyol plant, 100,000 tons/year ethylene propylene rubber plant, 100,000 tons/year polyolefin elastomer plant and supporting utility systems.

After the completion of the project, the annual sales revenue can reach 16.
9 billion yuan, and the annual profit and tax will be about 2.
26 billion yuan
.

Shu Xin, chairman of the board of directors of Jinao Holding Group and chairman of Wuhan Financial Holding Energy Group Co.
, Ltd.
, said that the project will further improve and extend the layout of the company's petrochemical industry chain, and form an industrial structure
of "oil head, incarnation and refined tail" with more complete products, higher technology and stronger competitiveness.