According to the official website of Zhejiang Petrochemical, in 2023, Zhejiang Petrochemical will further strengthen the petrochemical new materials industry, strive for the approval of the third phase of the green petrochemical base, the third set of ethylene project is fully put into operation, the first batch of high-performance resin projects are completed and put into operation, and the high-end new materials project has completed an investment of more than 10 billion yuan.
The total investment is expected to be 34.5 billion yuan. After the completion of the project, it can achieve an average annual operating income of 35.5 billion yuan and an annual net profit of 220 million yuan.
The project includes Newly built 1.4 mt/a of ethylene, 300kt/a of vinyl acetate, 380kt/a of polyether polyols, 27/600,000 tons/year of PO/SM, 40/250,000 tons/year of phenolacetone, 250kt/a of butadiene extraction, 350kt/a of high-density polyethylene, 400kt/a of ABS, 100kt/a of HRG latex, 60kt/a of melonized butadiene & 100kt/a rare earth butadiene rubber, 750kt/a cracked gasoline hydrogenation, 100kt/a styrene & 30kt/a ethylbenzene extraction, 600kt/a styrene, 200kt/a vinyl carbonate (including 240kt/a ethylene glycol plant carbon dioxide recovery), 800kt/a ethylene glycol, film bag plant and other equipment and supporting tank farm, air separation device, ground torch Packaging and storage, recycling water, accident pool and rainwater monitoring pool and other supporting public works.