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On October 22, the groundbreaking ceremony of the 1.
5 million tons/year propane comprehensive utilization project of Jiangsu Fenghai High-tech Materials Co.
, Ltd.
was held
in Lianyungang City.
The total investment of the project is 15.
37 billion yuan, and the main construction contents include 1.
5 million tons/year propane comprehensive utilization plant, 400,000 tons/year polypropylene plant, 500,000 tons/year styrene plant, 400,000 tons/year polyolefin composite new material plant, 50,000 tons/year butadiene plant, etc
.
After the project is put into operation, it can add more than
1.
5 million tons of high-end chemicals / year.
In addition, the project also includes 12 supporting projects
, including 1.
2 million cubic meters of liquid hydrocarbon underground caverns with an investment of 1.
399 billion yuan and a Runhai storage tank farm with an investment of 692 million yuan.