On March 29, Oriental Shenghong announced that Shenghong Refining & Chemical (Lianyungang) Co., Ltd. ("Shenghong Refining & Chemical"), the company's secondary holding subsidiary, intends to invest RMB 5,572,990,000 to build "2# ethylene glycol +" Phenol/Acetone Project".
The project is located in the Shenghong Refining and Chemical Plant area, relying on the production equipment, utilities and system supporting facilities of the "Shenghong Refining and Chemical (Lianyungang) Co., Ltd. 16 million tons of refining and chemical integration project" ("Shenghong Refining and Chemical Integration Project") Facilities, will be newly built "100,000/900,000 tons/year 2# ethylene glycol" device and "400/25 million tons/year phenol/acetone" device, and simultaneous construction of storage tanks, circulating water yards and other supporting projects, which are expected to be constructed The period is 3 years.
The basic situation of the investment project
1. Project name: Shenghong Refining and Chemical Integrated Product Optimization Project (2# ethylene glycol + phenol/acetone)
2. Implementation subject and address: Shenghong Refining & Chemical (Lianyungang) Co., Ltd. is responsible for the implementation of this project as the investment subject. The project is located in the factory area of the Shenghong Refining and Chemical Integration Project under construction in Xuwei New District, Lianyungang City, Jiangsu Province, with a land area of 18.73 hectares.
3. Project construction content and scale: This project will build a "100,000/900,000 tons/year 2# ethylene glycol" device
In conjunction with the "400/25 million tons/year phenol/acetone" device, supporting projects such as storage tanks and circulating water yards will be constructed simultaneously.
In order to improve product differentiation and enhance the ability of this project to adapt to the market, the "100,000/900,000 tons/year 2# ethylene glycol" device is designed according to two working conditions, working condition one is the working condition of all ethylene glycol products; The main products of the second working condition include 893,24 million tons/year of ethylene glycol and other chemicals.
4. Project investment amount: The total investment is estimated to be 5,572,990,000 yuan, of which construction investment is 4,722.6 million yuan, construction period interest is 240.38 million yuan, and current capital is 610.02 million yuan.
5. Source of funds: self-raised funds.
6. Project progress: The project is expected to have a construction period of 3 years, and is currently being submitted for approval.
Source: Mobile Public Account
