ShengHong Petrochemical 盛虹石化

Shenghong Petrochemical Industrial Park, located in the national corporative demonstration zone of eastcentralwest regions (Xuwei New District, Lianyungang, Jiangsu Province), has a planning area of 6.8 square kilometers. It is an internationally competitive petrochemical industrial base, logistics center and chemical research and development base built by Shenghong Group. Two industrial chains of aromatics-PTA, methanol to olefin (MTO) and high-end petrochemical feedstock are planned in the Park. Projects under construction at present contains 1500KTA PTA project, 3600KTA MTO project, and matching combined heat and power generation, liquid chemical wharf, liquid chemical storage projects, among which PTA and its matching projects are aimed to be up and running in April,2014, and alcohol-based poly-generation project in August,2015. The total investment of projects under construction is about 30 billion RMB. Once completed, annual output of high-end new materials, organic synthetic intermediates and fine chemical feedstock, which are in short supply in domestic market, is about 3 million tons, and sales revenue of about 50 billion RMB can be realized. In addition, the above-mentioned products can lead the development of downstream engineering plastic, synthetic rubber, synthetic fiber, plastic processing and other industries. They can also lead industrial restructuring and upgrading. The second stage of PTA, integrated refining & chemical project and the downstream high-end petrochemical feedstock and new materials are going to be constructed in 2020, the total investment of which will exceed 80 billion RMB. After the completion of all, the annual sales revenue of Shenghong Petrochemical Industrial Park will be more than 150 billion RMB.