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On September 1, LyondellBasell Industries and Liaoning Bora Enterprise Group held a ceremony for the establishment of the joint venture company and the official commissioning of the joint venture factory in Panjin, Liaoning Province
.
Cui Fenglin, Vice Governor of Liaoning Province, said at the commissioning ceremony that the Bora LyondellBasell joint venture and cooperation project is a way for the Liaoning Provincial Party Committee and the Provincial Government to implement the spirit of General Secretary Xi Jinping's important speech and instructions on the revitalization and development of Northeast China and Liaoning, and comprehensively expand the opening to the outside world.
It is a key project to expand and extend the Liaoning petrochemical industry chain and promote the high-end petrochemical industry
.
LyondellBasell Industries CEO Bob Patel (Bob Patel) connected the ceremony by video
.
Qu Baoxue, the controlling shareholder of Bora Group, said that the Northeast is the forefront of China's next round of regional revitalization
.
The Bora LyondellBasell project was launched in July 2017 by Liaoning Bora Chemical Co.
, Ltd.
in accordance with the strategic positioning of Panjin to build a world-class petrochemical and fine chemical industry base, and officially started construction in October of that year
.
It is understood that the first phase of the project, with an investment of US$2.
6 billion, adopts the polypropylene and polyethylene technologies authorized by LyondellBasell, and has an ethylene cracking unit and related polyolefin derivatives units with an annual production capacity of 1.
1 million tons.
Products include 800,000 tons/year polyethylene, 600,000 tons/year polypropylene, 350,000 tons/year styrene, 120,000 tons/year butadiene,
etc.
According to Fu Limin, chairman of Bora LyondellBasell, the joint venture company will supply high-quality polyolefin products in the fields of packaging, transportation, construction and medical health, based in Northeast China and serve the whole country; and integrate the concept of responsible care into the enterprise In operation practice, promote the sustainable development of enterprises and industries
.
Tang Fangdong, Mayor of Panjin City, said that the commissioning of the project will effectively promote the construction of the Panjin petrochemical and fine chemical industry base, drive the construction of the ethylene downstream industry chain, drive the development of equipment manufacturing, transportation and warehousing and other related industries, and further promote the development of the Panjin petrochemical industry.
Scale, green, high-end, and cluster development
.
