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[Industry Focus]：Rongsheng Petrochemical's 1 million-ton project was put into operation, ranking first in China.

Read： 379 Time：8months ago Source：荣盛石化、化工新材料、化易天下

In 2023, PTA rushed to the peak of capacity expansion, and China's PTA added 13.75 million tons of new capacity.

On April 2, Rongsheng Petrochemical Co., Ltd. issued an announcement on the commissioning of the 1 million-ton multi-functional polyester chip project of Yishenghua Petrochemical Co., Ltd.: Up to now, all four production lines of the project have been put into production, with a total production capacity of 1 million tons/year. The company's total production capacity of bottle tablets currently ranks first in China.

Project Overview

on September 18, 2019, Rongsheng Petrochemical announced that in order to further enhance the company's perfect industrial chain advantages and enhance market competitiveness, expand the market scale of the company's products and reduce the unit cost of the products, the subsidiary Yishenghua Petrochemical Co., Ltd. plans to invest in the construction of "1 million tons of multi-functional polyester chip project" with an annual output of 2.517 billion yuan.

Project name: Yisheng Chemical Petrochemical Co., Ltd. annual output of 1 million tons of multi-functional polyester chip project.

Construction Address: Jinpu New District, Dalian, Liaoning Province

construction content: This project mainly includes the main production device, auxiliary production device, public works, etc.

Investment amount: the estimated total investment of the project is 2.517 billion yuan.

Multiple New Project Layouts

at present, Rongsheng Petrochemical has laid out a complete industrial chain from refining, aromatics and olefins to downstream purified terephthalic acid (PTA), MEG and polyester (PET, including bottle sheets and films) and polyester yarn (POY, FDY and DTY). Since the beginning of 2022, when Zhejiang Petrochemical, the world's largest monomer refinery, was fully put into operation, Rongsheng Petrochemical has officially entered a new stage of development-a number of new projects have been laid out to fully tap the profit potential of Zhejiang Petrochemical's 40 million-ton refining capacity.

On August 17, 2022, Rongsheng Petrochemical plans to take Zhejiang Petrochemical as the main body to invest in the construction of high-end new material projects (estimated total investment of 64.1 billion yuan), high-performance resin projects (estimated total investment of 19.2 billion yuan), 1.4 million tons/year ethylene and downstream chemical plant (phase II product structure optimization) projects (estimated total investment of 34.5 billion yuan), with a total investment of nearly 120 billion yuan.

In addition, Rongsheng Petrochemical plans to invest in the construction of Jintang New Materials Park project in Zhoushan City with its wholly-owned subsidiary Rongsheng New Materials (Zhoushan) as the main body, which is expected to be completed and put into operation by the end of 2025.

Rongsheng Petrochemical also takes its wholly-owned subsidiary Rongsheng New Materials (Taizhou) as the main body, and invests in the construction of the "10 million tons of high-end chemical new materials project" in Taizhou to accelerate the development of new energy materials, engineering plastics, high-performance resins, The layout of high-end new materials such as special rubber and elastomers, degradable plastics, and high-end polyolefins.

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