In order to bring the best out of integrated refining and petrochemical projects and expand the "refining-aromatic hydrocarbon-polyester" industry chain, Fuhai Group invested 18.6 billion yuan to build aromatic hydrocarbon projects in Dongying port. Among them, the 2 million t/a paraxylene project is the only aromatic hydrocarbon project in Shandong province that is listed in the national Planning and Layout of Petrochemical Industry, and the phase I of the project and the 2.6 million t/a heavy oil hydrocracking project have gone into production in September 2020 and achieve both the output and efficiency goals; and the 2.5 million t/a pure terephthalic acid (PTA) project (including the supporting units), as one of the key projects in Shandong province, is in a leading position in the industry in terms of safety, environmental protection, and energy consumption among other indicators due to the application of the advanced patented technologies introduced from UOP (the U.S.), BP (the UK), and the Chinese Academy of Stone Sciences and other , safety, environmental protection, and the project has been successfully put into production in December 2022, which has filled the gap in the production of PTA in Shandong province.
We’re planning to develop polyester packaging material projects in the Dongying Port New Material Industrial Park, aiming to establish an internationally leading packaging material industry. The project has been selected as a major preparatory project in Shandong province in 2022, and it is scheduled to start construction in August 2022 and put into operation in the second half of 2024.