Satellite Chemical Plans To Start Up 400,000 t/y Polyethylene Plant In Q3

On the evening of March 9, Satellite Chemical released the latest progress of the projects under construction of its subsidiary Lianyungang Petrochemical.

C2 project phase II: trial production expected in mid-2022

In 2017, Satellite Chemical Company Limited ("the Company") established a wholly-owned subsidiary, Lianyungang Petrochemical Company Limited, in the National East-West Regional Cooperation Demonstration Zone (Lianyungang Xuxu New Area), one of the seven petrochemical industry bases planned by the State, with a total investment of approximately RMB 33.5 billion to build the Lianyungang Petrochemical Company Limited's annual production capacity of 1.35 million tonnes of PE, 2.19 million tonnes of EOE and 260,000 tonnes of ACN combined plant project ("C2 Project"), to be implemented in two phases.

At present, the second phase of the C2 project (including 1.25 million tonnes/year ethane cracker, 400,000 tonnes/year polyethylene plant, 730,000 tonnes/year ethylene oxide plant and 600,000 tonnes/year styrene plant) is progressing smoothly.

It is also with the installation of major equipment completed and pipeline installation entering the final stage.