With a total investment of about 127.4 billion yuan, another project of Yulong Petrochemical started

At 9:00 a.
m.
on May 31, the Yulong Island Refining and Chemical Integration Project (Phase I) 600,000 tons/year acrylonitrile-butadiene-styrene resin (ABS) plant project undertaken by Shanghai Zhiying Chemical Technology Co.
, Ltd.
started construction The ceremony was successfully held on Yulong Petrochemical Island No.
5.
Yulong Petrochemical leaders, supervisor representatives, and principals of construction companies attended the ceremony.
General Manager of Zhejiang Zhiying Petrochemical Technology Co.
, Ltd.
Xue Kuanrong attended the ceremony and made an important speech
.

Mr.
Xue said that the Yulong Island Refining and Chemical Integration Project is a landmark major project in Shandong Province that fully implements the conversion of old and new kinetic energy, and starts the structural adjustment of the petrochemical industry and the upgrading of butterfly transformation
.
He thanked Yulong Petrochemical shareholders and leaders at all levels for their trust in Zhiying and the support and cooperation of the two construction contractors
.

President Xue emphasized that Zhiying will stick to the bottom line of safety, adhere to the principle of quality first, carry out construction work in the spirit of "one project, one team, one goal, one strength, one success", and adhere to the principle of "scientific management, excellent Design, quality procurement, meticulous construction, and standardized operation” quality policy guide work, actively create good construction conditions for the site, ensure that every important node is completed as planned, and ensure that the device can achieve “stable, long-term, full and excellent” operation after completion
.
He said that under the correct leadership and strong support of the owner and supervisor, and through the joint efforts of all participating units, the Yulong Petrochemical ABS resin plant with an annual output of 600,000 tons will be built into a high-quality project and a benchmark project, and become a joint effort of all parties.
A model of cooperation
.

At 9:28 in the morning, Mr.
Jin Junjie, general manager of Yulong Petrochemical Chemical Project Department, announced the start of the project
.
With the roar of the excavator and the sound of the salute, the on-site construction of the ABS plant undertaken by Zhiying Company officially kicked off
.

Shandong Yulong Island Refining and Chemical Integration Project (Phase I) plans to build 20 million tons/year crude oil processing capacity and 2×1.
5 million tons/year ethylene units, with a total investment of about 127.
4 billion yuan and a construction period of 24 months
.
As a model for the transformation of old and new kinetic energy and the adjustment of industrial structure in Shandong Province, the construction of the project will drive the integration of the 130 million-ton local refining industry in Shandong Province, which is of great significance for promoting industrial restructuring, transformation and upgrading, and improving the level of refining and chemical integration
.
The project designs the total process flow according to the principle of "less oil, Yifang, and polyene", imports and processes Saudi light and Saudi heavy conventional sour crude oil, and vigorously develops downstream deep processing
.
The project aims to provide the largest amount of high value-added chemical raw materials while taking into account the quality of oil products, to build a world-class high-end petrochemical industry base
.