Wanhua Chemical's progress in million tons of ethylene

Recently, COSCO SHIPPING Engineering received the bid-winning notice from Wanhua Chemical Group .

In order to build the world's most competitive chemical manufacturing base and enhance the international reputation of Wanhua brand, Wanhua Chemical Group, relying on the industrial advantages of Yantai Chemical Park, invested 18 billion yuan to build a new 1 million tons/year ethylene project, which will become Shandong Province after completi.

In 2013, the old Wanhua factory was relocated to the second phase of the isocyanate integration project, and the 1300-ton propylene rectifying tower was ro-ro on board and transported from Nantong to Yantai

More than 40 pieces of goods including washing towers, rectification towers, pressurization towers, and refining towers won the bid are key equipment of Wanhua ethylene proje.

In 2017, Wanhua 9923 module transportation project, 180 tons of module transportation, transported from Nantong to Yantai;

In 2018, Wanhua Nitrobenzene Technical Transformation Phase II Project, 180 tons of nitric acid absorption tower was transported from Nanjing to Yant.

In order to build Wanhua Yantai Industrial Park into a world-class chemical new material park with the whole industry chain, the company plans to build an ethylene project integrating the polyurethane industry chain, with a total investment of 1804 billion yu.

The construction of the ethylene project is conducive to improving the integration of the polyurethane industry chain in the industrial park, and is conducive to solving the raw materials ethylene oxide and propylene oxide required in the production process of polyether polyol in the industrial park, and can consume the by-product HCL of the isocyanate industry cha.

Wanhua Chemical has a new "three-step strategy": within 5 years, strive to enter the world's top 20 chemical companies; within 10 years, become the world's top 10 chemical companies; within 15 years, become the world's top 500 companies in the wor.

Name of investment target: Polyurethane Industry Chain Integration - Ethylene Project

Investment amount: 16,804,280,000 yuan

In order to build Wanhua Yantai Industrial Park into a world-class chemical new material park with the entire industry chain, the company plans to build an ethylene project that integrates the polyurethane industry cha.

Main content of project construction

Project product plan and main construction content: new 1 million tons/year ethylene unit, 400,000 tons/year polyvinyl chloride unit, 150,000 tons/year ethylene oxide unit, 450,000 tons/year LLDPE unit, 30/65 10,000 tons/year propylene oxide/styrene plant, 50,000 tons/year butadiene plant and supporting auxiliary and public works faciliti.

After the project is completed and put into operation, the annual output of 1 million tons of ethylene and propylene, mixed C4, C6+ and other intermediate products, and deep processing will produce 400,000 tons of polyvinyl chloride, 150,000 tons of ethylene oxide, 450,000 tons of LLDPE, and 300,000 tons of epoxy res.

Project construction site

Project Yantai Economic and Technological Development Zo.

Project investment estimate

The total investment of the project is 16,804,280,000 yuan, of which the construction investment is 15,715,420,000 yuan, the construction period interest is 784,730,000 yuan, and the initial working capital is 304,130,000 yu.

The project has been approved by the Shandong Provincial Development and Reform Commission (for details, please refer to the company's announcement .

This project does not belong to related party transactions and major asset reorganizatio.