Current Location： Home > News > Industry Focus > With a total investment of 71.1 billion yuan, the second phase of Fujian Gulei Refining and Chemical Integration Project was approved, including 300000 tons/year of vinyl acetate and 400000 tons/year of acrylonitrile.

[Industry Focus]：With a total investment of 71.1 billion yuan, the second phase of Fujian Gulei Refining and Chemical Integration Project was approved, including 300000 tons/year of vinyl acetate and 400000 tons/year of acrylonitrile.

Read： 511 Time：5months ago Source：Fujian Publishing, Fujian Daily, Petroleum and Chemical Industry Park, New Chemical Materials

On July 16, the second phase of the Fujian Gulei Refining and Chemical Integration Project with a total investment of 71.1 billion yuan was approved by the Fujian Provincial Development and Reform Commission, marking the official landing of the largest industrial project in Fujian so far in the Gulei Development Zone.

It is understood that after Fujian Refining and Chemical Co., Ltd. submitted the Gulei Phase II project application for approval on July 11, the Fujian Provincial Development and Reform Commission will carry out parallel approval with relevant departments and complete the project approval in accordance with laws and regulations within 6 days.

Prior to this, in June 2024, Fujian Provincial Development and Reform Commission approved the oil and chemical terminal of Fujian Gulei Refining and Chemical Integration Project Phase II (berths No. 4, 5, 26 and 27 south of Gulei Operation Area in Gulei Port Area of Xiamen Port) to further meet the increasing demand for cargo transportation in Gulei Operation Area and provide guarantee for the commissioning of Gulei Phase II Project.

Phase II Project of Fujian Gulei Refining and Chemical Integration Project

the project was built by Sinopec in cooperation with Fujian Province. Project details are as follows:

project Name: Phase II Project of Fujian Gulei Refining and Chemical Integration Project

applicant: Fujian Refining & Chemical Co., Ltd.

Construction unit: Fujian Refining & Chemical Co., Ltd.

Construction site: Zhangzhou Gulei Petrochemical Base

construction period: 2024-2028

total investment: 71.1 billion yuan

source of funding: the capital of the project accounts for 30% of the total investment and is raised by the enterprise itself; the rest is bank loans.

Construction scale and main contents: the project plans to build more than 30 sets of refining and chemical plants such as 16 million tons/year oil refining, 1.5 million tons/year ethylene and 2 million tons/year aromatics, as well as supporting public works systems, pipe corridors outside the plant, wharf storage area and South 7# berth.

Refining section: newly built 16 million tons/year atmospheric and vacuum distillation, 3.8 million tons/year light hydrocarbon recovery, 1.5 million tons/year aviation kerosene hydrogenation, 2 × 2.6 million tons/year heavy oil hydrogenation (including 1.2 million tons/year solvent deasphalting unit), 4 million tons/year diesel oil hydrocracking, 2 × 3.2 million tons/year wax oil hydrocracking, 2 × 3 million tons/year reforming, 2 million tons/year aromatics combination, 600000 tons/year carbon two recovery, 3 × 20+70000 tons/year sulfur recovery, desulfurization and supporting devices.

Chemical part: newly built 1.5 million tons/year steam cracking, 600000 tons/year pyrolysis gasoline hydrogenation, 350000 tons/year aromatics extraction, 210000 tons/year butadiene, 300000 tons/year vinyl acetate, 20/60000 tons/year MTBE/butene-1 unit, 300000 tons/year tubular EVA, 300000 tons/year linear low density polyethylene (LLDPE), 300000 tons/year full density polyethylene (FDPE), 500000 tons/year high density polyethylene (HDPE), 400000 tons/year acrylonitrile, 350000 tons/year polypropylene, 300000 tons/year carbon five separation, 16/190000 tons/year acrylic acid and ester, etc.

Utilities: the newly-built public works system includes air separation and air pressure and water treatment station, purified water field, circulating water field, power supply system, fire fighting system, sewage treatment field, etc.; the supporting facilities include central control room, comprehensive office building, central laboratory, sewage treatment field, flare system, packaging plant and warehouse, etc; the supporting system outside the plant includes 150000-ton general berth (South 7# wharf) and storage area, product tank area, pipeline outside the plant, coal conveying trestle and other projects.

Fujian Gulei Refining and Chemical Integration Project

on September 23, 2023, the development of petrochemical industry in Gulei Development Zone was reported again, and the investment agreement for the second phase of Fujian Gulei refining and chemical integration project with a total investment of more than 70 billion yuan was formally signed.

福建古雷炼化一体化工程签约现场.jpg

The Gulei Refining and Chemical Integration Project is by far the largest petrochemical industry cooperation project between the two sides of the Taiwan Strait. Among them, the first phase of the project has a total investment of 27.8 billion yuan, mainly producing polypropylene, ethylene glycol, styrene and other main products, and the annual operating income is expected to reach 30 billion yuan after reaching production.

At present, the first phase of the Gulei refining integration project has entered the stage of continuous optimization and stable production, and the second phase of the project continues to advance.

Previous： Acrylonitrile production surge in the second half of the year, the price trend?

Next： Analysis of MMA Industry Chain Capacity, Demand and Competition Pattern

News Categories