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Frontage Petrochemical Projects |
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1. Ningbo Wanhua Polyurethane MDI Project ...........
The project is invested by Yantai Wanhua Polyurethane Stock Company, which is the only enterprise possessing the proprietary intellectual property rights of MDI in China. Thus, China became the fourth country possessing the technique following Germany, America and Japan.
Phase Ι project includes the main part and the matched part. The main part is MDI plant of 160,000t/a, with the total investment of 2.72billion RMB. And the matched part concludes Alkalies & Chlorine project, Aniline project, thermoelectricity plant, coal & salt jetty and liquid chemical jetty, with the total investment of 2.5billion RMB.
Phase Ι project has been put into production, and the scale has been expanded into 300,000t/a from 160,000t/a by the technological upgrading. Phase Ⅱ including the enlargement of 300,000t/a MDI and its matched part has been approved by NDRC. The total investment is 5 billion RMB, and phase Ⅱ has started construction in March, 2008.
After the construction of phase Ⅱ, the productivity of MDI will reach 600,000t/a, becoming the largest MDI production base in Asia.
2. Ningbo Mitsubishi PTA Project ...........
The project is co-invested by Japan Ningbo PTA Investment Company (co-invested by Japan Mitsubishi Chemical, Itochu Corporation and Mitsubishi Corporation) and CITIC. Phase Ⅰ includes PTA plant of 600,000t/a and matched chemical jetty of 50,000tons. The total investment is 359 million USD, with the registered capital of 123 million USD. It has been put into production in February, 2007.
3. CNOOC Daxie Petrochemical High-level Expressway Bitumen Project ...........
The project is co-invested by CNOOC refinery & chemical company, Hongkong Lewin Group and so on. Phase Ⅰ includes high-level expressway bitumen plant of 750,000t/a and two jetties of 50,000tons and 3,000tons, the total investment of which is 48million USD. It has been put into production in April, 2003.
Phase Ⅱ includes heavy traffic paving petroleum bitumen plant of 2.25milliont/a, two jetties of 30,000tons and 3,000tons, and the tanks of 600,000m3 for storing crude material and products. The total investment is 73.12million USD. The main part finished construction on October 29, 2008 and started production in January, 2009.
With the highest average profit in Zhejiang Province, the company lists the third taxpayer and the tenth of Top Hundred Companies in Ningbo.
4. Mitsubishi Chemical PTMG Project ...........
The project is invested by Japan Mitsubishi Chemical Company with the investment of 55million USD for phase Ⅰ. The project started to construct PTMG plant of 25,000t/a in May, 2008, and will be finished for test run in June, 2009
5. Hanwha PVC Project ...........
The project is invested by Korean Hanwha Chemical Corporation with the investment of 387million USD. By the raw material of ethylene from Hanwha and hydrogen chloride (HCl) from Ningbo Wanhua, it is to construct EDC plant of 500,000t/a, VCM plant of 300,000t/a and PVC plant of 300,000t/a.
The agreement of project is signed officially on the signing ceremony for major projects of the 10th Zhejiang Investment & Trade Symposium on June 8, 2008. In the same year, it laid a foundation on October 29, and planned to start production in June, 2010.
6. Linde Air Separating Project ...........
The project is invested by Germany Linde Group, the biggest global producer of industrial gases, with the investment of 1.2 billion RMB.
The project is to construct two air-separating plants at world’s classic level of 39000Nm3/h for each one, which can meet the gas needs of the projects in Wanhua Industrial Park, and at the same time can supply related services for other petrochemical enterprises in our development zone. The project will start production in July, 2010.
The project can further complete the matched utilities to promote the development of the frontage petrochemical enterprises.
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