Daqing Petrochemical ethylene renovation and expansion project started

China National Petroleum Corporation has announced that the national key construction project with a total investment of 14 billion yuan, namely, Daqing Petrochemical's annual production of 1.2 million tons of ethylene will be officially started.

The project will build an annual output of 600,000 tons of ethylene and related equipment, and build an annual output of 600,000 tons of ethylene, 300,000 tons of polypropylene, 600,000 tons of pyrolysis gasoline hydrogenation, 400,000 tons of aromatic hydrocarbon extraction and Two sets of full-density polyethylene with a total capacity of 250,000 tons and 300,000 tons, and corresponding auxiliary and public engineering facilities such as hydropower. According to the assessment, after the project is put into production, it will increase annual sales revenue by 7.97 billion yuan and profit after tax by 920 million yuan.

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