Recently, Sinopec Group and South Korea's SK Group signed a 1,4-butanediol (BDO) project joint venture contract and articles of association in Chongqing. The two sides invested 3.8 billion yuan to build a world-scale 200,000-ton/year BDO unit, and joined forces with the United Kingdom. BP Group develops downstream derivatives of BDO. The world-class natural gas chemical industry base jointly created by the global chemical giants has gradually taken shape in Chongqing.
It is reported that the BDO project consists of three sets of process equipment including 70,000-ton/year acetylene plant, 300,000-ton/year concentrated formaldehyde plant, and 200,000 tons/year BDO plant, as well as supporting public utilities and ancillary facilities. The total investment is about 3.8 billion yuan. . The project will be completed by the end of 2015.
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