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Home > News > Company Dynamic > Yushen Industrial Zone plans to invest 50 billion yuan this year

Yushen Industrial Zone plans to invest 50 billion yuan this year

ECHEMI 2019-04-24

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It was learned last week from the Yulin Economic and Technological Development Zone (Yushen Industrial Zone) in Shaanxi Province that the park has made every effort to maintain the growth rate of investment in fixed assets of major chemical projects. This year, it has completed an investment of 50 billion yuan, and will maintain an annual investment intensity of more than 20 billion yuan in the next five years.

Yushen Industrial Zone Management Committee responsible person told reporters that Yushen Industrial Zone has made breakthroughs in project construction and investment attraction. At present, only the large-scale projects of Qingshui Industrial Park located in this area have invested more than 300 billion yuan, the actual start-up projects in 2018 have invested more than 50 billion yuan, and the construction of chemical projects is in full swing. The first phase of Shenhua Yulin circular economy coal comprehensive utilization project (1.8 million tons/year methanol, 400,000 tons/year ethylene glycol) entered the project installation stage, and the investment of 1.855 billion yuan was completed last year; the first phase of the new chemical materials project (1.8 million tons/year ethylene glycol) level of Shanxi Yushen coal quality utilization project has been completed, the design and long-term equipment ordering have been fully launched, and the investment was extended by 2.778 billion yuan last year. After the first phase of 500,000 tons/year coal-based ethanol project was officially started in November 2018, a total investment of 640 million yuan has been completed; the first phase of coal-based polygeneration project of Yuneng Group (400,000 tons/year ethylene glycol) has recently started; the first phase of Hebei Stone Coke Cyclohexanone and its supporting cogeneration project (300,000 tons/year Cyclohexanone) is being handled in an early stage, and the field level conditions have been met. It is reported that Yushen Industrial Zone will continue to increase its investment attraction efforts this year and strive to implement another 50 billion yuan of investment in 2019, so that the investment scale of start-up projects will reach 100 billion level, and maintain an annual investment intensity of more than 20 billion yuan in the next five years. We will focus on projects such as 2 million tons/year methanol, 600,000 tons/year ethylene glycol, 1.2 million tons/year coal pyrolysis, 500,000 tons/year suspended bed hydrogenation, 5.6 million tons/year methanol and downstream processing of Shanxi coal in the second stage, and extending the CCSI industrial demonstration in Yushen to ensure the landing of 4 million tons/year coal-based liquid fuel for Zhongke synthetic oil and 2 million tons/year PET in Jiutai, Shandong Province.

"While ensuring the construction progress of large-scale energy and chemical projects, we persevere in pushing fine chemical and new material projects towards high-end." The person in charge said that Yushen Industrial Zone will focus on building fine chemicals and new materials Industrial Park in the south of Qingshui Industrial Park in 2019. By the end of 2019, 30 projects of fine chemicals and new materials will be built on the ground, with an investment of more than 2 billion yuan. At the same time, 20 projects of fine chemicals and new materials are reserved, focusing on attracting and cultivating local private enterprises to upgrade their industries, investing in fine chemicals, and participating in the construction of high-end energy base. It is reported that Yushen Industrial Zone has planned and laid out a fine chemical industry park, specializing in the development of coal-based fine chemical terminal products. In 2018, Yushen Industrial Zone focused on the Yangtze River Delta, Bohai Rim and Pearl River Delta to increase investment, undertake industrial transfer, visit and dock more than 100 key enterprises successively. According to the principle of "doing something, not doing something", more than 30 projects have been implemented and the annual investment of fine chemicals and new materials projects was 400 million yuan last year. On December 20, 2018, Yulin Dongyuan Fine Chemical Co., Ltd., located in the Qingshui Industrial Park of Yushen Industrial Zone, successfully started a 190,000-ton/year coal-based light oil blending naphtha mixed aromatic hydrocarbon plant and produced qualified mixed aromatic hydrocarbons, which became one of the typical examples of construction and commissioning in that year. In addition, the Grunfield Flocculant Project was completed and put into operation last year. Basten's 36,000 tons/year special phenol synthesis, Hann's new liquid crystal material production line, Jutongyuan concentrator and other 10 projects have started construction.

As four modern coal chemical demonstration bases in China, Yulin last year identified seven energy and chemical benchmarking projects and three major newly introduced transformation projects, including comprehensive utilization of Shenhua Yulin coal, filling up of Yuneng Chemical Phase I, clean and efficient utilization of Shanxi coal, and deep middle coal. Processing base, future energy coal indirect liquefaction phase I follow-up project, extension of petroleum Yuheng coal aromatics and Yushen CCSI project, and CNPC Lanzhou Petrochemical ethane cracking to ethylene, Shandong Xinfa Yushen coal-based polygeneration, Hebei Xucheng cyclohexanone and caprolactam project, etc. The total investment of these 10 projects amounted to 332.7 billion yuan, mainly distributed in Yulin Economic and Technological Development Zone (Yushen Industrial Zone), Yulin High-tech Industrial Development Zone (Yuheng Industrial Zone), and so on. At present, some of these projects have started construction one after another, and some are making preparations in advance.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.
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