Lianyungang Petrochemical Phase II project was handed over

On June 1, Satellite Chemical Lianyungang Petrochemical's 1.
35 million tons/year polyethylene, 2.
19 million tons/year ethylene oxide/ethylene glycol (EOE) and 260,000 tons/year acetonitrile (ACN) combined plant project second-stage series units The smooth handover marks the official transition of the project from the construction stage to the start-up trial operation stage
.

As the largest comprehensive ethylene utilization project in China, the satellite chemical Lianyungang petrochemical project with a total investment of 33.
5 billion yuan is also one of the major projects in Jiangsu Province
.
The first phase of the project has been officially put into production in May 2021
.
The devices delivered in the second stage include 1.
25 million tons/year ethylene, 730,000 tons/year ethylene oxide, 400,000 tons/year polyethylene, 600,000 tons/year styrene units, etc.
It is expected to start commissioning at the end of June
.
After the first and second stage projects are fully put into operation, the annual operating income is expected to exceed 30 billion yuan, and the profit and tax will exceed 10 billion yuan
.

Xu Xiaosu, deputy director of the Xuwei New Area Management Committee, said that the completion of the Lianyungang Petrochemical Phase II project will greatly reduce the dependence on imported ethylene, realize the raw material supply capacity for olefin high value-added new material clusters, and ensure national energy security.
, It is of great significance to accelerate the green and low-carbon development of the industry
.