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Sinopec recently approved the approval of Baling Petrochemical and Hainan Refining and Chemical Co.
, Ltd.
to jointly fund the construction of a 170,000-ton/year styrene thermoplastic elastomer project
.
In response to the call of the state and Sinopec to support the construction of the Hainan Free Trade Port, Baling Petrochemical has scientifically planned a development path, fully relied on Sinopec's integrated advantages, vigorously promoted the implementation of the "going out" development strategy, and developed advantages in regions with raw materials and markets.
product, and actively promoted the completion of the feasibility study report of the 170,000-ton/year styrene thermoplastic elastomer project and received the approval
.
In response to the call of the state and Sinopec to support the construction of the Hainan Free Trade Port, Baling Petrochemical has scientifically planned a development path, fully relied on Sinopec's integrated advantages, vigorously promoted the implementation of the "going out" development strategy, and developed advantages in regions with raw materials and markets.
The project is located in the petrochemical functional area of Hainan Yangpu Development Zone, with a total investment of about 2.
In the next stage, Baling Petrochemical will strengthen the coordination with Hainan Refining and Chemical Industry and Yangpu Economic Development Zone, further implement and sign agreements on project land, raw material resources, public works supply, etc.
It is understood that in mid-August 2020, Sinopec Group Corporation held a Hainan ethylene project matchmaking meeting and an on-site office meeting at Hainan Refining and Chemical Company.
Yu Baocai, deputy general manager of Sinopec Group Corporation, made a statement on the progress of the Hainan ethylene project and the issues in urgent need of coordination.
The important instructions require all participating parties to firmly grasp the construction of the Hainan Free Trade Island, gather the efforts of Sinopec Group Corporation to accelerate the construction of the Hainan Refinery and Chemical Ethylene Project, and contribute to the local economic development of Hainan Province.
State-owned enterprise strength
.
It is understood that in mid-August 2020, Sinopec Group Corporation held a Hainan ethylene project matchmaking meeting and an on-site office meeting at Hainan Refining and Chemical Company.
Yu Baocai, deputy general manager of Sinopec Group Corporation, made a statement on the progress of the Hainan ethylene project and the issues in urgent need of coordination.
The important instructions require all participating parties to firmly grasp the construction of the Hainan Free Trade Island, gather the efforts of Sinopec Group Corporation to accelerate the construction of the Hainan Refinery and Chemical Ethylene Project, and contribute to the local economic development of Hainan Province.
State-owned enterprise strength
.
