Aoke plans to invest in the construction of oxygen and carbon dioxide derived green and low-carbon fine chemicals and other projects

On the evening of January 16, Aoke issued an announcement stating that the company ("Party A") recently signed the "Epoxy and CO2-derived green and low-carbon fine chemical project strategic cooperation framework agreement, the company plans to invest in the construction of epoxy and carbon dioxide-derived green and low-carbon fine chemical projects in Changxing Island (West Middle Island), Dalian

Among them, the first phase of the project includes 350,000 tons/year ethylene oxide project, 150,000 tons/year carbon dioxide recovery project, 300,000 tons/year carbonate series product project, 400,000 tons/year ethylene oxide downstream derivative project, 10 Demonstration projects of green and low-carbon fine chemical products derived from 10,000 tons/year of carbon dioxide and auxiliary supporting public works projects such as storage and transportation (the above are collectively referred to as "Phase I Projects")

The first phase of the project is expected to have a total investment of 5 billion yuan.

Aoke shares said that the investment site selection of this project in the petrochemical industry base of Changxing Island (West Middle Island) in Dalian is a major strategic measure for the company to implement the key projects of the "14th Five-Year Plan" development plan

Dalian Changxing Island (West Middle Island) Petrochemical Industry Base is one of the seven major petrochemical industry bases planned and developed by the state and the only national petrochemical industry base in Northeast China.

This project will make full use of the unique advantages of Dalian Changxing Island (West Middle Island) petrochemical industry base, such as abundant petrochemical industry resources, complete infrastructure facilities, and favorable timing and location of ports and terminals, to invest and participate in the operation of light hydrocarbon terminal projects and build industrial technology innovation support At the same time as the platform, it will focus on investing in the construction and development of green epoxy and carbon dioxide-derived low-carbon fine chemicals and new material industries.

At the same time, Aoke shares also announced that the company intends to establish a joint venture with Dalian Changxing Island Management Committee and Menglian Petrochemical in the petrochemical industry base of Dalian Changxing Island (West Middle Island)

Aoke shares said that the company will make full use of the advantages of Dalian Changxing Island (West Middle Island) to invest and participate in the operation of the light hydrocarbon terminal project to focus on ensuring the company's project's demand for upstream raw materials such as ethylene.