In late May, PetroChina Ryukyu Chemical Engineering Company and Xinjiang Dushanzi Petrochemical Company reached an agreement, and Ryukyu Company formally obtained the total contracting rights of 1 million tons/year ethylene plant of Dushanzi Petrochemical. The two parties stated that they will fully communicate and cooperate closely, complete the construction of the largest ethylene plant in China at the moment, and build this unit into a domestic first-class project.
Dushanzi's 10 million-ton oil refining and 1 million-ton ethylene projects are the largest one-off projects for China's petrochemical industry since the founding of the People's Republic of China. Together with pipeline transportation and other ancillary projects, the total investment is nearly 40 billion yuan. After the project is put into operation, the various petrochemical ethylene products will reach 2 million tons. By then, the annual sales revenue of the independent petrochemical will reach more than 27 billion yuan, becoming a world-class petrochemical base.
Dushanzi's 10 million-ton oil refining and 1 million-ton ethylene projects are the largest one-off projects for China's petrochemical industry since the founding of the People's Republic of China. Together with pipeline transportation and other ancillary projects, the total investment is nearly 40 billion yuan. After the project is put into operation, the various petrochemical ethylene products will reach 2 million tons. By then, the annual sales revenue of the independent petrochemical will reach more than 27 billion yuan, becoming a world-class petrochemical base.