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Recently, Sinopec Zhenhai Refinery Branch's first batch of ball valve equipment worth 651,000 yuan was declared and released at Zhenhai Customs under Ningbo Customs, marking the company's expansion of 15 million tons of oil refining and 1.
2 million tons of ethylene projects.
The introduction of equipment and facilities officially kicked off
.
The investment amount of the project is 50 billion yuan.
After the project is completed, Zhenhai Refinery will have an annual refining capacity of 38 million tons and ethylene of 2.
2 million tons, making it one of the top five refining and chemical production bases in the world
.
At present, the project is about to enter the stage of installation of equipment and facilities, and it is expected that the import of equipment and facilities of the project will last for about half a year
.