Project Name: 100,000 Tons/Year High-End Polyolefin Monomer Plant and Supporting Facilities Project (Phase II)
Construction site: Lianyungang Petrochemical Industry Base
Construction Unit: Jiangsu Hongjing New Materials Co., Ltd.
Environmental Impact Assessment Agency: Nanjing Guohuan Technology Co., Ltd.
Total investment: The total investment is 24,847.2 million yuan; the investment for Phase I of the project is 20,159.842 million yuan, and the investment for Phase II is 4,687.358 million yuan. The environmental investment for Phase II is 495.95 million yuan, accounting for 10.58% of the total investment for Phase II.
Hogeen Company plans to construct a 100,000-ton/year high-end polyolefin monomer facility and supporting infrastructure project. Among this, the first phase of the 100,000-ton/year high-end polyolefin monomer facility and supporting infrastructure project was approved by the Environmental Protection Bureau of the National East-Middle-West Regional Cooperation Demonstration Zone (Lianyungang Xugang New Area) on December 31, 2024 (Demonstration Zone Env. Review [2024] No. 56), mainly producing 100,000 tons of POE annually.
Phase One Project Product Proposal:
This project plans to build a 100,000 tons/year high-end polyolefin monomer facility and supporting infrastructure (Phase II), using a trimerization method with ethylene to produce 1-octene and 1-hexene. The production of 1-octene will fully meet the demand of the 100,000 tons POE main facility, achieving partial domestic substitution.
Phase Two Project Product Solution:
Jiangsu Hongjing New Materials Co., Ltd. was established in September 2021 and is a wholly-owned subsidiary of Jiangsu Silbond Petrochemical Co., Ltd. (hereinafter referred to as "Silbond Petrochemical"). Silbond Petrochemical is located in the Petrochemical Industry Park of Xuxu New District, Lianyungang City, Jiangsu Province (Lianyungang Petrochemical Industrial Base) and is a wholly-owned subsidiary of Shenghong Holding Group Co., Ltd.