Yantai, Shandong – Wanhua filed regulatory application in October for new ethylene and other feedstock facilities for its integrated polyurethane project. The project was approved by company board in August.
Located at the Wanhua Yantai Industrial Park, the project has CNY17.8bn ($2.7bn) investment earmarked and will be funded by the company’s own capital and bank loans, said Wanhua’s filing.
According to the filing, the project includes facilities with 1MT/year capacity for ethylene, 150kT/year for ethylene oxide, 450kT/year for linear low-density polyethylene, 300kT/year for propylene oxide or 650kT/year for styrene monomer, 50kT/year for butadiene and 400kT/year for polyvinyl chloride.
The new project aims to utilize the Yantai site’s existing facilities and LPG storage capability for ‘the vertical extension and horizontal combination of the polyurethane and petrochemical supply chains,’ said the company filing.
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