$314.5 Billion! Summary of Eight New Mega-Ethylene Projects

The Luyou Lulian transformation and upgrading technology renovation project is a major project for Sinopec and Shandong Province to deepen cooperation and promote the transformation and upgrading of the petrochemical industry. The project commenced construction on December 19, 2024, in the Qilu Chemical Industry Zone, Linzi District, Zibo City. The total investment in the project is approximately 24.493 billion yuan, with a construction period of 2 years and 7 months.

project construction content

Nanjing Yangzi Yabaxylene Co., Ltd. Light Hydrocarbon Comprehensive Utilization Project is jointly funded and constructed by Sinopec Yangzi Petrochemical Co., Ltd. and Yangzi Petrochemical-BASF Co., Ltd., with each party holding 50% of the shares. The project is located within the Nanjing Jiangbei New Materials Science and Technology Park, with a total investment of approximately 9.142 billion yuan. The project officially started construction on August 30, 2024, with a construction period of two and a half years (30 months).

project construction content

Construct 1 new 1 million tons/year ethylene steam cracking unit (including waste alkali oxidation unit).

500,000 tons/year gasoline hydrogenation unit.

620,000 tons/year aromatics extraction unit

as well as supporting utilities, storage and transportation facilities, and environmental protection measures

Hunan Petrochemical's 100 million tons/year ethylene refining and chemical integration project has a total investment of 35.68 billion yuan, and the construction site is located in the Yueyang Green Chemical High-tech Industrial Development Zone in Hunan, including the Changling area and the Baling area.

project construction content

1 million tons/year ethylene plant and its downstream chemical plants, along with the supporting refinery modifications and utility facilities.

The second phase of the Fujian Gulai refining and chemical integration project officially commenced on November 18, 2024, with a total investment of 71.1 billion RMB, jointly constructed by Fujian Province, Sinopec, and Saudi Aramco.

project construction content

The construction will include a 16 million tons/year refining unit, a 1.5 million tons/year ethylene unit, a 2 million tons/year paraxylene unit, and more than 30 other refining and chemical units, along with the supporting utility systems and berth facilities.

The Sino-Saudi Gulei Ethylene Project is jointly constructed by the Fujian Energy Petrochemical Group and Saudi Basic Industries Corporation (SABIC), with a total investment of approximately 44.8 billion RMB, located in the Gulei Petrochemical Base, Zhangzhou City, Fujian Province.

project construction content

1.5 million tons/year ethylene plant.

Ethylene downstream facilities: 10/100 thousand tons/year of ethylene oxide/ethylene glycol, 400 thousand tons/year of HDPE, 600 thousand tons/year of mLLDPE/HDPE, 50 thousand tons/year of hexene-1.

Propylene downstream facilities: 400,000 tons/year polypropylene (impact/random), 550,000 tons/year polypropylene (homopolymer/random), 250,000/150,000 tons/year phenol acetone, 270,000 tons/year bisphenol A, 290,000 tons/year polycarbonate.

Supporting facilities: 910,000 tons/year of naphtha hydrotreating (including styrene extraction), 220,000 tons/year of butadiene extraction, 56,000 tons/year of 1-butene, 570,000 tons/year of aromatics extraction.

The Luoyang Petrochemical million-ton ethylene project is located in the Advanced Manufacturing Development Zone of Mengjin District, Luoyang City, with a total investment of 27.8 billion RMB, and is planned to be completed and put into operation by December 2025.

project construction content

The project includes the construction of 13 petrochemical production facilities, such as a 1 million tons/year ethylene plant, a 600,000 tons/year naphtha hydrotreating unit, a 400,000 tons/year aromatics extraction unit, a 300,000 tons/year m-LLDPE unit, a 350,000 tons/year HDPE unit, and a 350,000 tons/year polypropylene unit. In addition, the project will also implement refinery adaptability modifications.

The comprehensive technical renovation and quality upgrade project of Shanghai Petrochemical is implemented by Sinopec Shanghai Petrochemical Company Limited, located within the existing plant area in Jinshan District, Shanghai. The planned investment is approximately 21.307 billion RMB, with funds sourced from the company's own resources. The construction period for the main project is expected to be 3 years, and 5 years for other facilities.

project construction content

Adjust the structure of existing refining facilities, maintaining an annual refining capacity of 14 million tons, while shutting down 18 sets of old facilities including 700,000 tons/year ethylene, No.2 oxidation, and No.2 polyester. On this basis, construct new facilities for 1.2 million tons/year ethylene and downstream new materials to enhance the intrinsic safety and environmental standards of the enterprise, and promote industrial upgrading.