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On March 29, Dongfang Shenghong announced that the company's secondary holding subsidiary Shenghong Refinery (Lianyungang) Co.
, Ltd.
("Shenghong Refinery") planned to invest RMB 5,572.
99 million to newly build "2# Ethylene Glycol + The Phenol/Acetone Project"
.
The project is located in the Shenghong Refinery and Chemical Plant, relying on the production equipment, public works and system support of the "Shenghong Refining and Chemical (Lianyungang) Co.
, Ltd.
16 million-ton refining and chemical integration project" ("Shenghong Refining and Chemical Integration Project").
Facilities, will add a "10/900,000 tons/year 2# ethylene glycol" device and a "40/250,000 tons/year phenol/acetone" device, and simultaneously build storage tanks, circulating water fields and other supporting projects.
The term is 3 years
.
Basic information on investment projects
Basic information on investment projects1.
Project name: Shenghong refining and chemical integration product optimization project (2# ethylene glycol + phenol/acetone)
2.
Implementation subject and address: Shenghong Refinery (Lianyungang) Co.
, Ltd.
is responsible for the implementation of this project as the investment subject
.
responsible for implementation
.
With the "40/250,000 tons/year phenol/acetone" device, the supporting projects such as storage tanks and circulating water fields will be constructed simultaneously
.
The interest during the construction period is 240.
6.
Project progress: The project is expected to have a construction period of 3 years, and is currently being submitted for approval in the early stage
.