The project will be built and operated by the newly established Nanjing Yangzi Yangba Olefins Co., Ltd. The project has an investment of 9.142 billion yuan and will construct a 100kt/a ethylene steam cracking unit (including a waste alkali oxidation unit), a 500kt/a gasoline hydrogenation unit, a 620kt/a aromatics stripping unit and supporting facilities. The ethylene and propylene produced will be used in the downstream new materials projects of Yangzi Petrochemical and Yangba Company's Phase III project.
The project and its downstream new material projects have a total investment of 25.652 billion yuan, and the products will be widely used in strategic emerging industries, accelerating the transformation and renewal of the petrochemical industry.