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[Industry Focus]：Investment 147.9 billion, Rongsheng Petrochemical 10 million tons/year new material project publicity! 500000 tons of epoxy resin, 650000 tons of phenol ketone, 480000 tons of BPA

Read： 524 Time：12months ago Source：台州市生态环境局

On October 25, Taizhou Ecological Environment Bureau plans to make an announcement on the approval of the EIA documents for the construction project of Rongsheng's 10 million-ton high-end new chemical materials project.

台州市生态环境局关于2023年10月25日拟对建设项目环评文件作出审批意见的公告 (荣盛）.jpg

Project Background

rongsheng New Materials (Taizhou) Co., Ltd. was registered and established in May 2022. The company is located in Taizhou Bay New Materials Industrial Park in the north of Taizhou Bay Economic and technological Development Zone, Taizhou City, Zhejiang Province. It is newly built by the parent company Rongsheng Petrochemical Co., Ltd., with a registered capital of 1 billion yuan.

Rongsheng Group is one of the leading private petrochemical enterprises in China, with a wholly-owned and controlled refining capacity of 40 million tons/year, 10.4 million tons/year of paraxylene, 4.2 million tons/year of ethylene and 20 million tons/year of PTA. It has built the world's largest monomer refining-aromatics-ethylene production base, the largest organic raw material and intermediate base, and the largest polyolefin and synthetic resin base. PX and PTA capacity ranks first in the world, it has the industrial base, raw material base, capital base, talent and management base to extend downstream. In order to further give full play to Rongsheng Group's industrial and raw material advantages, location and market advantages, scientific and technological innovation and talent advantages, resources and capital advantages, and achieve high-quality development, Rongsheng Taizhou New Materials mainly relies on low-carbon olefins, aromatics and other resources provided by Rongsheng Group, combined with the national chemical industry short-board catalog for layout planning, extending the development of new chemical materials and fine chemicals downstream, and focusing on building the company into a high-end and advanced chemical industry base.

The investment and construction of 10 million tons of high-end new chemical materials project, including eight industrial chains, as well as supporting the construction of public works and auxiliary production facilities. The industrial chain is high-end polyolefin project, engineering plastics project, degradable plastics project, carbon emission reduction green circular economy chain, high-performance resin, special rubber and elastomer project, special polyester project, fine chemicals project.

Project Overview

project Name: rongsheng New Materials (Taizhou) Co., Ltd. annual output of 10 million tons of high-end chemical new materials project

nature of Project: new

construction site: taizhou Bay New Material Industrial Park, Linhai City, Taizhou City, Zhejiang Province

construction unit: rongsheng New Materials (Taizhou) Co., Ltd.

Construction content and scale: the annual output of 10 million tons of high-end new chemical materials project includes eight industrial chains, including high-end polyolefin, engineering plastics, degradable plastics, high-performance resin, special rubber and elastomer, special polyester, fine chemicals and carbon emission reduction green circular economic chain, newly built 300000 tons/year α-olefin plant, 15/150000 tons/year POE/POP plant, 50000 tons/year EVOH plant, 100000 tons/year UHMWPE plant, 450000 tons/year m-LLDPE plant, 500000 tons/year m-PP plant, 40/250000 tons/year phenol/acetone plant, 2 × 240000 tons/year bisphenol A plant, 2 × 260000 tons/year polycarbonate plant, 200000 tons/year MMA plant, 180000 tons/year PMMA plant, 900000 tons/year butyl octanol plant, 60/840000 tons/year acrylic acid and ester plant, 250000 tons/year adiponitrile plant (including 150000 tons/year hydrocyanic acid unit), 280000 tons/year hexamethylene diamine plant, 400000 tons/year nitric acid plant, 450000 tons/year adipic acid plant, 500000 tons/year nylon 66 polymerization plant, 800000 tons/year maleic anhydride plant, 600000 tons/year BDO plant, 200000 tons/year succinic acid plant, 200000 tons/year PBS plant, 100000 tons/year PBSA plant, 200000 tons/year PBAT plant, 500000 tons/year PBT plant, 200000 tons/year polytetrahydrofuran plant, 200000 tons/year spandex plant, 200000 tons/year CHDM plant, 200000 tons/year PCT plant, 200000 tons/year PETG plant, 600000 tons/year ammonia plant, 100000 tons/year ethylene propylene rubber plant, 2.5/25000 tons/year SIS/SBS plant, 7.5/75000 tons/year SEPS/SEBS plant, 5/10000 tons/year nitrile rubber/hydrogenated nitrile rubber plant, 5/150000 tons/year butyl rubber/halogenated butyl rubber plant, 600000 tons/year ethylene oxide plant, 200000 tons/year carbon dioxide recovery plant, 300000 standard/hour carbon dioxide dry reforming unit, 600000 tons/year methanol unit, 2 × 200000 tons/year DMC unit, 180000 tons/year ethoxylation unit, 20/100000 tons/year ethanolamine/ethyleneamine unit, 480000 tons/year hydrogen peroxide unit, 600000 tons/year propylene oxide unit, 380000 tons/year polyether polyol unit, 500000 tons/year epoxy resin unit, 50000 tons/year PEN unit, 100000 ton/year isopropanol plant, 500000 standard/hour coal hydrogen plant, 2 × 70000 tons/year sulfuric acid plant, 300000 tons/year 2-propylheptanol plant, 100000 tons/year PPC plant, 50000 tons/year COC/COP plant, 100000 tons/year n-propanol plant, 100000 tons/year propionic acid plant, 5/50000 tons/year MBS/K resin plant, 20000 tons/year g resin device, 50000 tons/year ethylidene norbornene device, 200000 tons/year hydroxyl alcohol device, 400000 tons/year phthalic anhydride device, 800000 tons/year green plastic additive device and other production devices, and supporting the construction of public works and auxiliary production facilities, including general plan transportation, dangerous goods vehicle parking lot, thermal system (including power center), storage and transportation (including tank farm, torch, plant pipe network), water supply and drainage facilities (including water purification plant,

project investment:147.96341 billion yuan

on October 26, Rongsheng Petrochemical announced the results of the third quarter of 2023. The company's operating income was 84.522 billion billion yuan, a year-on-year increase of 9.07; the net profit attributable to the parent was 1.234 billion billion yuan, a year-on-year increase of 1367, and the performance was better than expected.

According to the financial report for the first and second quarters of 2023, Rongsheng Petrochemical's total revenue in the first three quarters was 239.047 billion yuan, an increase of 6.19 percent over the same period last year, while net profit attributable to its parent was 0.108 billion yuan, down 98.03 percent from the same period last year.

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