On the 15th, Oriental Shenghong disclosed an announcement that its three-tier subsidiary Hongwei Chemical will invest in the construction of POSM and polyol projects. The total investment of the project is estimated to be 6.034 billion yuan and the construction period is 3 years.
The proposed POSM and polyol project is located in the planned Shenghong Chemical New Materials Project, Xuwei New District Chemical Industry Park, Lianyungang City, Jiangsu Province, with a total area of about 22.39 hectares. The scope of the project includes process equipment such as ethyl benzene, propylene oxide/styrene, polyether polyol and polymer polyol, supporting utilities and auxiliary production facilities. The estimated total investment of the project is 6.034 billion yuan, of which construction investment is 5.262 billion yuan, the interest during the construction period is 265 million yuan, and the current capital is 507 million yuan.
The first phase of the Lianyungang Petrochemical Base plans to build a 16 million tons refining and chemical integration project in Shenghong Refining and Chemical. The above-mentioned project will comprehensively utilize the ethylene, propylene and benzene of the Shenghong Refining and Chemical Integration Project for deep processing, which is to improve the economic efficiency and An important part of competitiveness. The products of the project are mainly propylene oxide, styrene, polyether polyol, etc. It is expected that the growth rate of polyether polyol consumption in the future will be the same as my country's GDP development level, and the market space will be large.
