Recently, Wanhua Chemical Group Co., Ltd. announced that the company has recently received approval from Shandong Development and Reform Commission, and agreed to implement the polyurethane industry chain integration-ethylene project.
Previously, the Wanhua Chemical Integration Project was selected into the key project library of Shandong Province and the first batch of preferred high-end chemical projects in Shandong Province. According to the disclosed information, the project was constructed in Yantai Economic and Technological Development Zone with a total investment of approximately 16.8 billion. Yuan, construction period of 2 years. Project new 1 million tons / year ethylene unit, 400,000 tons / year PVC plant, 150,000 tons / year ethylene oxide plant, 450,000 tons / year LLDPE plant, 300,000 tons / year propylene oxide plant, 650,000 tons / year styrene plant, 50,000 tons / year butadiene plant and supporting auxiliary and public works facilities.
According to the announcement, the board of directors of the company authorized the company to carry out project approval and other work in the early stage. After obtaining the approval, the proposed project still needs to fulfill the decision-making procedure of the board of directors and the shareholders' meeting.