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Polyethylene, Ethylene Glycol Project Kicks Off in China, an Industrial Info Market Brief
Industry Segment: Market Brief | Word Count: 220 Words
China's Huayi Qinzhou Chemical New Material Integration Base is located in the Qinzhou Petrochemical Industrial Park, covering an area of about 8,000 acres. The project has a total investment value of about $10 billion and will be implemented in three phases.
Phase I, the industrial gas island project, has a total investment value of about $2 billion and started construction in November 2017 and produces industrial gases such as hydrogen, syngas, and nitrogen used by the company in the park. It also produces chemical products such as methanol, ethylene glycol, and acetic acid. Phase I is expected to be completed and start up in 2020.
Phase II, a hydrocarbon cracking project has a total investment value of $3 billion. The project uses ethane and propane as feedstock to produce polyethylene, ethylene glycol, ethylene-vinyl acetate copolymer, acrylic acid and ester, polyether polyol, caustic soda and polyvinyl chloride. The preliminary work is currently underway, and efforts will be made to start construction before the end of October 2019.
Phase III, methanol-to-olefins and downstream deep processing projects, with a total investment value of about $5 billion, will produce polypropylene, polycarbonate, polymethyl methacrylate, caustic soda, and polyvinyl chloride and other products and is expected to start construction in 2025.
Click here for a list of the projects.
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