Liao Ning Oxiranchem Inc(300082) (300082) announced on the evening of January 16 that the company plans to invest in the construction of green low-carbon fine chemical project derived from epoxy and carbon dioxide on Changxing Island (Xizhong Island) in Dalian. Among them, the total investment of phase I project is expected to be 5 billion yuan.
Liao Ning Oxiranchem Inc(300082) said that Dalian Changxing Island (Xizhong Island) petrochemical industry base is one of the seven major petrochemical industry bases planned and developed by the state. It is also the only national petrochemical industry base in Northeast China. Its goal is to build a world-class petrochemical industry base. It is also the preferred base for the implementation of key projects of the company’s “14th five year plan” development plan. Changxing Island (Xizhong Island) petrochemical industry base is rich in petrochemical industry resources, complete infrastructure and unique port terminals. In the 14th five year plan of Changxing Island petrochemical industry base, the oil refining scale will reach 40 million tons, the ethylene scale will reach 8 million tons, the PX scale will reach 10 million tons and the propylene scale will reach 4 million tons; By 2030, the scale of ethylene is planned to reach 10 million tons and the scale of propylene will reach 6 million tons.
Liao Ning Oxiranchem Inc(300082) said that the project will make full use of the advantages of Dalian Changxing Island (Xizhong Island) petrochemical industry base, and focus on the construction and development of green epoxy and carbon dioxide derived low-carbon fine chemicals and new materials industry while investing in the equity participation and operation of light hydrocarbon wharf project and the construction of industrial technology innovation support platform.
Among them, phase I of the project will invest in the construction of 350000 T / a ethylene oxide and 300000 t / a carbonate series products, 400000 T / a ethylene oxide downstream derivative series products, 150000 t carbon dioxide recovery and 100000 t / a carbon dioxide derivative green low-carbon new energy series industrial clusters; Phase II of the project will plan to build green methanol to olefin project, green olefin downstream derivative project and green special olefin polymer, further strengthen and expand oak green epoxy and carbon dioxide derived green low-carbon fine chemical and energy chemical new material industry, and cultivate and expand high-end new material industries such as special olefin polymers.
Liao Ning Oxiranchem Inc(300082) said that the above projects will help the company seize the strategic opportunity of carbon dioxide resource utilization, accelerate the industrial application transformation, industrialization and intensive development of 10000 ton technical achievements of the company’s ethylene oxide and carbon dioxide derivative vinyl carbonate series products, and improve and consolidate the company’s industrial chain, supply chain and strategic layout in China, It is of great strategic significance to further consolidate and enhance the company’s core competitiveness.
That night, Liao Ning Oxiranchem Inc(300082) also announced that the company planned to establish a joint venture with Dalian Changxing Island Management Committee and Menglian petrochemical in Dalian Changxing Island (Xizhong Island) petrochemical industry base. Liao Ning Oxiranchem Inc(300082) holds 35% equity of the joint venture and invests in the construction of light hydrocarbon wharf project with the joint venture. The estimated total investment of the project is about 580 million yuan.
Liao Ning Oxiranchem Inc(300082) said that the company will make full use of the advantages of Dalian Changxing Island (Xizhong Island), invest and participate in the operation of light hydrocarbon wharf project, focus on ensuring the demand for ethylene and other upstream raw materials of the company’s project, and produce close synergy with the epoxy and carbon dioxide derived green low-carbon fine chemical project that the company plans to invest and build in Dalian Changxing Island (Xizhong Island) petrochemical industry base.
