The total investment is 42.07 billion!

A few days ago, the Fujian Gulei 1.
5 million tons/year ethylene and downstream deep processing consortium project with a total investment of 42.
07 billion yuan, the Zhongsha Gulei ethylene project, was officially approved by the Provincial Development and Reform Commission, marking the largest one-time investment in Fujian Province so far Sino-foreign joint venture The project has officially landed in the Zhangzhou Gulei Development Zone, and will accelerate into the construction and implementation stage
.

On May 28, Zhangzhou Gulei Development Zone solicited opinions on the 1.
5 million t/a ethylene and downstream deep processing consortium project of Fujian Zhongsha Petrochemical Co.
,
Ltd.

According to relevant regulations such as the Administrative Measures for the Approval and Filing of Foreign-invested Projects in Fujian Province (Min Fa Gai Wai Jing [2014] No.
521), the project approval authority shall take appropriate means to solicit public opinions before making an approval decision
.
Entrusted by the Provincial Development and Reform Commission, we are soliciting public opinions and suggestions on the 1.
5 million t/a ethylene and downstream deep processing complex project of Fujian Zhongsha Petrochemical Co.
,
Ltd.

Project Name: Fujian Zhongsha Petrochemical Co.
, Ltd.
1.
5 million tons/year ethylene and downstream deep processing complex project

Project Location: Gulei Port Economic Development Zone, Zhangzhou City, Fujian Province

Construction nature: new construction

Construction scale: The total land area of ​​the project is 297.
1855 hectares
.
A total of 14 sets of chemical plants with 1.
5 million tons/year of ethylene and downstream plants are newly built, supporting circulating water field, sewage pretreatment plant, water supply and drainage pipeline network of the whole plant, substation and distribution station, product warehouse, raw material tank farm, intermediate and product tanks area, as well as the factory front area, maintenance station,
etc.

Construction period: 54 months

Total project investment: 42.
07135 billion yuan

On March 10, 2022, Fuhua Gulei Petrochemical and Saudi Industrial Investment Company jointly established Fujian Zhongsha Petrochemical Co.
, Ltd.
The joint venture company will invest in the construction of the Zhongsha Gulei ethylene project in the Gulei Petrochemical Base
.
The establishment of the joint venture company marks the official start of the project construction
.

On February 28, 2022, the project will publicize the public participation in the environmental impact report.
It is known from the EIA document that the main construction contents of the project are as follows:

01

Project Features

The project mainly builds 1.
5 million tons of ethylene, a total of 1 million tons of mLLDPE and HDPE, 950,000 tons of polypropylene, 250,000 tons of phenol/acetone,
etc.

The project adopts low pressure gas phase fluidized bed technology to produce mLLDPE/HDPE, adopts slurry process technology to produce bimodal HDPE, adopts ethylene oligomerization technology to produce hexene-1, adopts gas phase fluidized bed technology to produce homopolymer/random polymer Polypropylene, using gas phase horizontal stirred bed technology to produce impact polypropylene
.

02

The main content of the project construction

Project Location: West side of Xindugu Highway, north-south main road, Gulei Petrochemical Base, Zhangzhou City, Fujian Province

Construction enterprises: Fujian Fuhua Gulei Petrochemical Co.
, Ltd.
, Saudi Industrial Investment Company (joint venture construction)

Total investment: 42.
071 billion yuan

Construction scale:

Ethylene and downstream - the production scale of ethylene is 1.
5 million tons/year, and the downstream ethylene is planned to build 10/1 million tons/year of ethylene oxide/ethylene glycol, 400,000 tons/year of HDPE, and 600,000 tons/year of mLLDPE/HDPE And 50,000 tons/year of hexene-1
.

Propylene and downstream - Propylene downstream plans to build 400,000 tons/year polypropylene (impact/random) and 550,000 tons/year polypropylene (homopolymer/random)
.
There are also some propylene downstream plans to build 250,000 tons/year of phenol acetone, 270,000 tons/year of bisphenol A and 290,000 tons/year of polycarbonate
.

In addition, 910,000 tons/year of pyrolysis gasoline hydrogenation (including styrene extraction), 220,000 tons/year of butadiene extraction, 56,000 tons/year of butene-1 units and 570,000 tons/year of aromatics are also built.
Extract
.

03

Project construction significance

According to the strategic deployment of the Fujian Provincial Party Committee and the Provincial Government, Fujian Petrochemical Group reorganized the Tenglong Xianglu PX/PTA project at the Gulei Petrochemical Base, and jointly built the Gulei refining and chemical integration project with Sinopec and Taiwan
.
Fujian Petrochemical Group has completed the melon group of Tenglong Xianglu PX/PTA project, and the plant has been in full and normal production
.

Fujian Petrochemical Group is further sorting out and optimizing the existing production equipment, process flow and product plan and found that there are two main constraints that affect the competitiveness of the enterprise: First, the Tenglong Xianglu PX unit produces a large amount of low value-added products such as naphtha; second It is the 1.
6 million tons/year PX project of the Tenglong project, which cannot fully meet the demand of Xianglu Petrochemical's 4.
5 million tons/year PTA for PX raw materials, and requires a large amount of external mining
.

On this basis, in order to further enhance the overall competitiveness of the Tenglong Xianglu project and consider the overall relocation needs of the relevant industries of the Quangang Petrochemical Base of Fujian Petrochemical Group, the preparation of the second-phase project feasibility study was initiated, and five major development strategies were formulated, one of which is Introduce the world's top 500 enterprises to jointly build a world-class ethylene cracking unit, that is, to jointly build a 1.
5 million t/a ethylene and downstream deep processing project with Saudi Industrial Investment Corporation
.

Taking full advantage of the location advantages of Gulei Petrochemical Base, excellent conditions such as ports, land and environmental capacity, and relying on the existing plant foundation of the Tenglong Xianglu Project, a joint venture with an internationally renowned petrochemical enterprise will build a 1.
5 million t/a ethylene cracking unit, which can produce low-carbon olefins After nearly 2.
4 million tons, several downstream processing industry chains with certain scale and characteristics have been built, and an industrial cluster based on three major synthetic materials and basic organic raw materials, new chemical materials and high-end special chemicals has been formed
.
The project will provide the market with a large number of commercial-quality chemical products to meet the new needs of the transformation, upgrading and development of related industries in Fujian Province
.

Ethylene and its downstream derivative processing units adopt a joint venture construction model, which can make full use of the advanced technology, rich production and operation management experience and funds possessed by foreign parties to achieve strong alliances and make up for the lack of independent construction and operation of large-scale petrochemical projects by Fujian Petrochemical Group.

.

In conclusion, the project will become the leader of Gulei Petrochemical Base, revitalize existing assets, improve and expand the industrial chain of Gulei Petrochemical Base, which will help Fujian Province to speed up the construction of an economic zone on both sides of the Taiwan Strait, and will help Fujian Province to further strengthen the deep integration of petrochemical industries on both sides of the Strait.
The role of the demonstration zone is to expand cooperation and development with Taiwan, realize the adjustment, transformation and upgrading of the petrochemical industry, and drive the scattered chemical enterprises in the province to gather in the base; it is conducive to optimizing the layout of the petrochemical industry in the southeast coast and promoting regional economic development
.

The project conforms to the national industrial policy and the petrochemical industry planning and layout plan, and conforms to the relevant planning of Fujian Province and Zhangzhou City.
It is a major project of the national petrochemical base construction, and construction is necessary
.

04

Using a number of advanced technologies, it is planned to start construction in June

As the third batch of national major foreign investment projects and the second round of national key projects of Sino-Saudi production capacity and investment cooperation, the project is organized by Saudi Basic Industries Corporation (SABIC), Fujian Nenghua Group and Zhangzhou Jiulongjiang Group at a rate of 51%: 25 %: 24% equity ratio of joint venture construction, will invest in the construction and operation of a world-class large-scale petrochemical complex in Gulei Petrochemical Base, build a set of ethylene plants with an annual output of 1.
5 million tons, and at the same time build a series of downstream production plants.
The world's advanced technology and a number of patented technologies are used for the first time in China, filling the domestic gap
.
The project's energy utilization, three wastes emission, and CO₂ emission indicators are much better than the advanced level of the same industry, leading the world, with good economic benefits, more high-end products, less energy consumption and emissions, large scale of installations, and strong downstream driving
.

▲The site selection of Zhongsha Gulei ethylene project
.

The construction of this project is of great significance to promote the joint construction of the "Belt and Road" initiative, promote the high-quality development of China's petrochemical industry, improve the domestic high-end chemical supply capacity, and promote the construction of the Gulei petrochemical base into a world-class petrochemical industry base
.
Gulei Development Zone will go all out to advance all preparatory work before the start of construction to ensure that the project will start on-site in June this year.
In order to ensure good results in the second quarter and "double over half" in the first half of the year, it will consolidate the foundation of the project, help optimize the business environment, and strengthen foreign investors.
investment confidence
.