With a total investment of 24.5 billion yuan, this project represents the largest single one-time industrial investment in Zibo's history since the city's establishment.
The project will construct new facilities including:
- A 10mt/a atmospheric and vacuum distillation unit
- A 2mt/a high-end carbon material unit
- A 1mt/a ethylene unit with downstream supporting facilities
The scale of these new facilities is equivalent to the existing production capacity of Qilu Petrochemical, effectively replicating the scale of "building a new Qilu Petrochemical."
Upon operation, the project is expected to generate over 100 billion yuan in output value across upstream and downstream industries, drive the integrated refining and chemical transformation in Shandong Province, and simultaneously address the aging crude oil transmission pipelines at the Shengli Oilfield.