October 29, Heng Yi Industrial Co., Ltd. and China Universe Engineering Co., Ltd. Beijing branch in Hangzhou Xiaoshan held Zhejiang Heng Yi (Brunei) PMB Petrochemical Project (phase two) general design contract signing ceremony, Zhejiang Hengyi Engineering Management Co., Ltd. Chairman Zhang Liqun, China Universe Engineering Co., Ltd. Beijing branch (the United Kingdom)
Deputy General manager Zhang San Hui and others attended and witnessed the signing ceremony.
Heng Yi promotes Brunei project phase two construction Heng Yi (Brunei) PMB Petrochemical Project is located in Brunei PMB Island, Zhejiang Hengyi Petrochemical and Brunei government joint cooperation project. The project is the largest overseas investment project of domestic private enterprises. The first phase of the project crude oil processing capacity of 8 million tons/year, the annual production of 1.5 million tons of xylene and 500,000 tons of benzene, investment of about 3.45 billion U.S. dollars, the current phase of the project construction has gradually reached the end. The memorandum of Understanding on cooperation between the two project and the Brunei government was signed on September 15, 2017 with the planned addition of 14 million tonnes/year of crude oil processing capacity, 1.5 million tonnes/year ethylene, 2 million tons/year paraxylene.