22 Dec 2022
Facility to produce “high-end polyolefin products”, including 400ktpa of elastomers
Yanati, China – Wanhua Chemical Group has announced that its €2.5 billion major chemicals plant in Yantai, eastern China will start production by October 2024.
The facility will produce 1.2 million tonnes per year of ethylene and downstream high-end polyolefin products, said Wanhua in a SEC filing 13 Dec.
The project will include the construction of an ethylene cracker; a 250 kilotonne-per-annum (ktpa) low density polyethylene (LDPE) plant and two 200ktpa polyolefin elastomer (POE) plants.
The facility will also have a 200ktpa butadiene production unit as well as 550 ktpa pyrolysis gasoline hydrogenation unit – including a 30ktpa styrene extraction unit, Wanhua added.
The total investment in the project is 17.6 billion yuan (€2.5 billion), which Wanhua siad is subject to further approvals by the board of directors and investors.
Wanhua said the project will use ethane and naphtha as raw materials, as opposed to the existing ethylene project that uses propane as raw materials.
Synergies, the diversification of raw materials will prevent the risk of market fluctuations and enhance the cost competitiveness of chemicals at the site.
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
Already a subscriber? Log in here
