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[Industry Focus]：Two million-ton projects of Wanhua Chemical will be put into operation in 2025, including POE and MTBE.

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Progress and Expectation of Phase II 1. Ethylene Project

at the third quarter performance presentation meeting of Wanhua Chemical in 2024, Li Limin, vice president, chief financial officer and secretary of the board of directors, gave a detailed explanation of the progress of the second phase of the ethylene project. The project is located in Wanhua Chemical Yantai Industrial Park. The main construction scale is 1.2 million tons/year ethylene plant, which is expected to be completed and put into operation in the first quarter of next year. The total amount of project products is 2.4047 million tons/year, including 250000 tons/year of low density linear polyethylene, 400000 tons/year of polyolefin elastomer (POE), 73200 tons/year of MTBE, 79900 tons/year of butadiene, 20000 tons/year of mixed xylene and 16800 tons/year of styrene, totaling 839900 tons/year, in addition, 617400 tons/year of ethylene, 340900 tons/year of propylene, 76000 tons/year of butadiene, 14700 tons/year of butene-1, 149100 tons/year of benzene, 61700 tons/year of toluene and 1.2897 million tons/year of carbon four residual night are supplied to other devices in Wanhua Industrial Park, by-product cracking fuel oil 59500 tons/year, cracking carbon 5 113400 tons/year, cracking carbon 9 34900 tons/year, mixed xylene 20000 tons/year, aromatic raffinate oil 46800 tons/year, LDPE wax 240 tons/year, LDPE and other foreign products 300 tons/year, a total of 275100 tons/year meet the standards of petrochemical industry or Wanhua chemical enterprises, and are sold out as by-products. 408700 tons of by-product methane and hydrogen are sent to the unit for use as fuel gas.

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Li Limin also revealed that the company's first phase of ethylene plant with an annual output of 1 million tons is undergoing technical transformation, which will be adjusted from propane feed to ethane feed, and the construction is expected to be completed by the end of 2025. This transformation will improve the efficiency of raw material utilization and achieve a significant reduction in carbon emissions through energy optimization and integration in the device. At the same time, the two parks of Yantai and Penglai will be connected through long-distance pipelines, further extending the development of the product chain and expanding the production of high-end chemical products.

Stable Operation and Market Prospect of 2. POE Project

regarding the POE project, Li Limin said that the company's POE project with an annual output of 200000 tons has been operating stably. Industrial modified products and photovoltaic adhesive film products have excellent performance, meeting the high-quality demand of downstream industries, operating at full capacity and selling products stably to the outside world. As a star variety of high-end polyolefin new materials, POE has excellent physical and mechanical properties, good low temperature resistance and processing rheology, and has been widely used in many fields. With the rapid development of photovoltaic, automotive, polyolefin and other industries, the domestic POE market continues to expand. Wanhua Chemical successfully developed and put into production the 200000 t/a POE project, breaking the monopoly of foreign companies and injecting new vitality into the domestic POE market.

3. TDI, Citral Industry Chain and Other Core Business Progress

wanhua Chemical's core business polyurethane segment has also achieved considerable results. The company's PDH device provides a stable source of raw material supply for the downstream PO-polyether industry chain, and the device continues to operate at full capacity. In terms of TDI, Wanhua Chemical has become the world's largest TDI supplier, with TDI units operating at full capacity and global competitive advantages in terms of capacity, product quality and production costs.

In addition, Wanhua Chemical also independently developed the citral industry chain and downstream geraniol, citronellol, violet ketone and other spice products, and in August 2024 successively put into production, some products have been sold to the outside world. The annual output of 10000 tons of vitamin A project is also in the trial stage. The commissioning of these new projects will further enrich Wanhua Chemical's product line and enhance the company's market competitiveness.

Source: Process Industry, Chemical Online, Chemical Ease World

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