2022 Key Construction Project Plan in Major Chemical Province

Recently, the Guangdong Provincial Development and Reform Commission issued a notice on the province's key construction project plan in 2022. In 2022, a total of 1,570 provincial key projects will be arranged, with a total investment of 7.67 trillion yuan and an annual planned investment of 900 billion yuan. 1,152 provincial key construction preparatory projects will be arranged to carry out preliminary work, with an estimated total investment of 5.88 trillion yuan.

Major petrochemical projects planned to be put into operation in 2022

Among them, there are mainly 4 major petrochemical projects planned to be put into operation in 2022. Including: Hengli Petrochemical (Huizhou) PTA project, Huizhou Petrochemical product structure optimization and upgrading project, Guangdong Petrochemical 20 million tons/year heavy oil processing project, PetroChina Jihua (Jieyang) branch 600,000 tons/year ABS and its supporting projects .

Among them, Guangdong Petrochemical Heavy Oil Processing Project focuses on the construction of 1.2 million tons/year ethylene, with a total investment of 65.4 billion, and plans to invest 10.9 billion in 2022; Annual acrylonitrile and 50,000 tons/year MMA, with a total investment of 6.5 billion, and a planned investment of 1.5 billion in 2022.

Major petrochemical projects to be continued in 2022

In 2022, we will continue to build 3 petrochemical projects, including ExxonMobil Huizhou Ethylene Project, BASF (Guangdong) Integrated Base and Donghua Energy (Maoming) Project.

Among them, ExxonMobil's 1.2 million tons/year ethylene and downstream products project is planned to be put into operation in 2026, with a total investment of 65.1 billion. As of 2021, it has invested 4.8 billion, and plans to invest 6 billion in 2022; the main construction of BASF (Guangdong) integrated base The 1 million tons/year ethylene complex and its downstream units are planned to be put into operation in 2025, with a total investment of 65.1 billion. As of 2021, it has invested 4.8 billion, and plans to invest 6 billion in 2022; it is planned to be put into operation in 2026, with a total investment of 62.8 billion, as of 2021. It has invested 4.4 billion in 2022 and plans to invest 10.3 billion in 2022.

The Donghua Energy (Maoming) alkane resource comprehensive utilization project has entered the construction stage of the first phase (I) and (II) projects, with a total investment of 21.5 billion yuan. The first phase (I) project (600,000 tons/year PDH, 400,000 tons/year PP) is planned to be put into operation at the end of 2022, and the first (II) project (600,000 tons/year PDH, 2*400,000 tons/year PP) ) is expected to start production in 2023. At present, the first phase (I) project has entered the stage of full equipment installation.

Preparatory projects for olefins and downstream industries

In addition, the Guangdong Provincial Development and Reform Commission also announced a number of olefin and downstream industry preparatory projects. Among them, Zhongke Refinery has successively released 4 preparatory projects with a total investment of 14.2 billion. The company has put into operation 100,000 tons/year EVA plant, 800,000 tons of ethylene Production capacity, this time preparing for the new project, the company plans to install another 100,000 tons of EVA plant, and at the same time expand the 800,000 tons/year ethylene production capacity by up to 30%. In addition, the company also plans 600,000 tons/year PDH plant and downstream 300,000 tons ton/year propylene oxide, 400,000 tons/year polypropylene plant.

At the same time, it can be seen from the list of preparatory projects that in addition to the first phase (I) and (II) projects of comprehensive utilization in Maoming, Donghua Energy has also planned the (III) phase project. It plans to invest another 13.5 billion yuan and launch two sets of 1 million tons/year PDH. device and 4 sets of 500,000 tons/year PP units.

In addition, it can be seen that the Juzhengyuan (Jieyang) 900,000-ton/year propane dehydrogenation project is also in the preparatory project, with a total investment of 11.2 billion to build a 900,000-ton/year propane dehydrogenation unit and a 400,000-ton/year polypropylene modification unit. 

At the same time, Zhongxin Chemical plans to launch two projects, with a total investment of 5.2 billion, to build 600,000 tons/year of propane dehydrogenation and downstream supporting PP, phenol/acetone units.