Recently, Sinopec approved the Sino-South Korea Petrochemical Wuhan ethylene bottleneck bottleneck renovation project feasibility study report, Wuhan ethylene will be 800,000 tons / year ethylene on the basis of tapping the potential, through the transformation of ethylene production capacity to 1.1 million tons /year.
Wuhan ethylene off the bottleneck renovation project a total investment of 4.27 billion yuan, Sinopec 'thirteen' during the chemical sector key projects, including the transformation of four sets of equipment, the new two sets of equipment and public engineering system transformation, etc. By further expanding production capacity, Increase the market needs of high value-added chemical products, play the potential of existing devices to enhance the core competitiveness of enterprises.
The project will be completed in 2015 to prepare the preparatory work, feasibility study report after several changes and improvements, and under the guidance of the headquarters to complete the technical feasibility studies, resources and market feasibility studies, major equipment localization, financial efficiency estimates, environmental feasibility studies, energy efficiency demonstration, Safety and occupational health demonstration, legal compliance, assessment report demonstration and comprehensive demonstration work.The project feasibility study report was approved, marking the preparatory work of the project made substantial progress.
The next step, Wuhan Ethylene will step up the relevant administrative procedures for the approval of the project to start the overall design of the project, basic design and long-term equipment procurement preparations.The project is scheduled to start in September 2018, completed and put into operation in 2020.