Sinochem International to Invest in Phase I C3 Project
Click:168    DateTime:Mar.20,2020

Sinochem International announced on February 17 that its affiliated company Jiangsu Ruiheng will invest in phase I C3 project. Located in Lianyungang petrochemical industrial base, the project will have a total investment of RMB13.9 billion, including a 600 kt/a propane dehydrogenation (PDH) unit, a 650 kt/a phenol/acetone unit, a 240 kt/a bisphenol A (BPA) unit and a 400 kt/a propylene oxide (PO) unit, with a construction period of 30 months. The project is to address the inadequacies of China’s new materials industry development and is key to Sinochem International’s realization of the transformation and strategy of material science industry. Its affiliated storage company plans to invest RMB1.3 billion in the construction of Phase I tank zone project of Sinochem Lianyungang Circular Economy Industrial Park.