Although there are too many accidents and difficulties in 2020, China's chemical companies have not stopped and have made significant progress in expanding overseas deployment and introducing excellent foreign investment projects. Two international projects ushered in new progress in mid-May.
On May 17th, the China Sea Shell Huizhou Phase III Ethylene Project with a total investment of approximately US $ 5.6 billion was signed on the 17th for a strategic cooperation framework agreement. Representatives from Guangzhou, Beijing and The Hague "cloud signed" through 5G video connection.
On May 15th, the first project of Sino-Saudi Capacity Cooperation-Pan Asia Science Petrochemical and Chemical Fiber Integration Project Investor, Pan Asia Science Group and Sinopec Chemical Sales Company signed a supply and marketing cooperation agreement to provide raw material supply for the project through a joint venture And product underwriting.
39.6 billion yuan! Signed the contract for China Shipping Shell's third-phase ethylene project
The project takes China Shipping Shell Petrochemical Co., Ltd. as the main body, with a total investment of about 5.6 billion US dollars, or about 39.6 billion yuan, and is located in the Daya Bay Petrochemical Zone in Huizhou. The project takes 1.5 million tons / year ethylene cracking unit as the core, including 14 chemical plants including ethylene oxide / ethylene glycol, SMPO / POD, α-olefin, poly-α-olefin, etc., with an estimated annual output value of RMB 38.2 billion. It is planned to start construction in 2021.
On the basis of 1 million tons / year ethylene of the first phase of China Shipping and 1.2 million tons / year of ethylene of the second phase, 1.5 million tons / year of ethylene was added in the third phase, including α-olefin, poly-α-olefin, metallocene polyethylene The technology is applied for the first time in the Asia-Pacific region.
CNOOC, Shell Group and Huizhou, Guangdong have once again joined forces. The cooperation between the three parties began in the 1990s with the largest Sino-foreign joint venture in China, the CNOOC Shell Nanhai Petrochemical Project. Currently, the CNOOC Shell Phase I and II projects have been completed and put into production. China's largest ethylene production plant is also Shell's most profitable plant in the world. Its ethylene production capacity is 2.2 million tons per year, and it can provide more than 6 million tons of high-quality and diversified petrochemical products to the market every year.
$ 2.4 billion! China-Saudi Arabia production capacity cooperation reaches a "new level"
On May 15th, the first project of Sino-Saudi Capacity Cooperation-Pan Asia Science Petrochemical and Chemical Fiber Integration Project Investor Pan Asia Science Group signed a supply and marketing cooperation agreement with Sinopec Chemical Sales Company, and Sinopec Chemical Sales Company will provide raw material supply for the project And product underwriting.
The signing of the cooperation between the two parties will give full play to Sinopec's market channel advantages and the project's own advantages, and provide the project with comprehensive support in the market and technology. The Pan-Asia Scientific Petrochemical and Chemical Fiber Integration Project is the first benchmarking project for China-Saudi Arabia capacity cooperation.
The Pan-Asia Scientific Petrochemical and Chemical Fiber Integration Project has settled in the foundation and downstream industrial city of Jizan, Saudi Arabia. It mainly uses Saudi Arabia ’s rich oil resources to take advantage of PTA / PET as the core to produce non-fiber polyester chips and develop its downstream industries. The total investment is 2.4 billion US dollars, and the project is planned to be constructed in two phases. Among them, the first phase of the project has started construction in the Jizan Economic Park on January 29, 2019, and the 500,000-ton PET project SSP device will be put into production at the end of October this year.
At the same time, Sinopec will provide technical support, product quality control and other supporting services for the commissioning and operation of the Saudi project, provide comprehensive support for the project's production process, product quality, marketing and operation, and provide comprehensive support for the smooth commissioning of the project and future stable operation. Protection of position.
