echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Rubber Plastic News > Luoyang Petrochemical's million-ton ethylene project is progressing smoothly

    Luoyang Petrochemical's million-ton ethylene project is progressing smoothly

    • Last Update: 2022-11-06
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On the 4th, the reporter learned from Sinopec Luoyang Petrochemical Company (hereinafter referred to as Luoyang Petrochemical) that the preliminary work of Luoyang Petrochemical's million-ton ethylene project, which has attracted much attention, is progressing smoothly and is advancing steadily according to the overall plan
    .

    The implementation of the million-ton ethylene project is an important measure for Luoyang Petrochemical to promote the transformation and high-quality development of the enterprise by implementing the industrial policy of "controlling refining, reducing oil and increasing chemical production" in combination with the market demand around Henan and the actual situation of the enterprise
    .
    The overall project approved a total investment of 26.
    02 billion yuan.
    After the completion and operation, the annual operating income is expected to be 20 billion yuan, and the tax revenue will be 1.
    8 billion yuan

    .

    "Since the Sinopec headquarters approved the feasibility study report of the project at the beginning of this year, we have actively started the overall design.
    At present, we have met the conditions for reporting to the headquarters for review, and have completed the negotiation of the process package.
    All preliminary work is progressing smoothly

    .
    " The person in charge of the Luoyang Petrochemical Development Planning Department Wang Peichao said

    .

    In addition, the special evaluation work of the million-ton ethylene project in the fields of cladding mine, earthquake, stability assessment, geological disaster, occupational health and other fields has also been completed
    .

    The scale, output and technical level of the ethylene plant mark the level of the country's petrochemical industry
    .
    According to the work arrangement, Luoyang Petrochemical will start the basic design, long-term equipment ordering and process package preparation of the million-ton ethylene project as soon as possible

    .
    At the same time, the company is also actively assisting the industrial park to carry out infrastructure construction, promoting downstream investment attraction, and striving to achieve simultaneous planning, simultaneous construction and simultaneous production with the ethylene project, and will promote the construction of the million-ton ethylene project as a strong force for high-quality industrial development.
    Momentum, accelerate the construction of an important high-end petrochemical industry base in the central and western regions with integrated upstream and downstream, a complete industrial chain and core competitiveness

    .

    As a key project included in the "13th Five-Year" Energy Development Plan of Henan Province, the Luoyang-Xinzheng International Airport jet fuel pipeline project, which undertakes the task of delivering jet fuel to Xinzheng International Airport, has also made important progress
    .

    The evaluation report on the flood control impact of the project crossing the Yellow River has been approved recently, creating favorable conditions for the approval of the basic design of the follow-up project and the start of construction
    .
    It is reported that the project pipeline plans to use 12 directional drilling to deepen the foundation pit joints to cross the Yellow River channel, and the main channel crossing is a large-scale crossing level

    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.