Shandong Lihuayi: To build a 'refinery chemical new material' industry base
On April 10, the construction site of the 400,000-ton / year high-performance ABS resin integration project of Lihuayi Group Lijin Refining & Chemical Co., Ltd. was busy. The project covers an area of 1228 acres, with a total investment of 6.18 billion yuan, introduces a number of internationally leading green chemical production technologies, and relies on the advantages of upstream raw materials such as propylene and styrene to extend the industrial chain and develop ABS resin, acrylonitrile and other chemicals. New materials and high-end chemicals will be widely used in high-speed rail, aircraft and other parts, as well as charging piles, 5G communication equipment and other fields.
For local refining enterprises, accelerating the high-end industry and developing new chemical materials are important ways for transformation and upgrading. According to Wang Haifeng, deputy general manager of Lihuayi Group, in recent years, Lihuayi Group has established the development path of "oil head turning into tall tail" and the development model of "integration of fine chemical and new materials in refining and chemical industry". Made articles on the chain, supplementary chain, and strong chain, successively launched more than 50 sets of oil refining and chemical equipment, fissioned out more than 60 products, has become a large enterprise group with more than 10 subsidiaries and annual sales revenue of more than 90 billion yuan, and entered Shandong ranks among the leading companies in the high-end chemical industry cluster. The group has built the only domestic non-phosgene polycarbonate (PC) full industrial chain. This year and next two years, the group will build the most complete, advanced and competitive domestic industrial chain ABS / PC, PC / PMMA, etc. Mixed resin integrated production base.
The ABS resin integration project is an important part of the layout of the three entire industrial chains. The project volume is huge, the land use is large, and the land use index is very scarce. The difficulty of the enterprise is the focus of the government's efforts. Lijin County actively coordinated to strive for land use indicators, and at the same time comprehensively followed up the progress of land use report approval. Up to now, the 300-mu land for the project has been approved by the Shandong Provincial Government, and the rest of the land has also entered the processing procedures, ensuring the smooth progress of the project.
As a leading company in the petrochemical industry of Lijin County, Lihuayi Group's radiating role is becoming increasingly prominent, and it extends around the upstream and downstream industrial chains, attracting a number of new chemical materials companies such as Yimeide and Yihong to settle in the surrounding areas.
In recent years, relying on the extension of the Lihuayi Group ’s chemical industry chain to cultivate and develop new chemical material industry clusters, and support the Lihuayi Group to accelerate the pace of building, supplementing, strengthening, and extending chains, and use this as a raw material base, new or Introduce and produce cross-border deep-processed products such as high-end engineering plastic modification in the fields of household appliances, automobiles, precision instruments, optical materials, aerospace, high-speed rail, new energy, etc., build a 100 billion-level organic chemical industry base, and create a nationally renowned " "Refinery and Fine Chemical New Materials" industrial base, build a high-end chemical new materials industrial park.
2026-07-24
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
What Is ABS Material | Properties, Applications, Safety and Benefits
-
ABS Ushered in Five Consecutive Gains in September
-
ABS/PC/PA66 Fell by Up to 17000
-
ABS Fell by More than 36%, and PC Prices Fell to a Two-year Low!
-
POM/ABS/PP Plummeted by Up to 1300 Yuan
-
The Plastic Market has Completely Collapsed! POM/PVC/ABS/PET Plummeted by Up to 2000!
-
Market Analysis - Weekly Report - May 30th to June 2nd, 2022- Hot Products
-
Market Analysis - Weekly Report - April 29th to May 6th, 2022- Hot Products
-
ABS Fluctuated And Rose in Early April
-
Elix Polymers introduces an ABS/PC material with post-industrial recycled content
Recommend Reading
-
Westlake Acquires ACI's Composites Business to Expand Global Footprint
-
BASF Moves to Sell 4,400 Employee Homes—Union Fury Reveals the Survival Math of a Chemical Giant
-
BASF Battles Market Turmoil as Profits Slide
-
IMCD Opens Beauty and Personal Care Lab in California
-
The Most Striking Thing in BASF’s 2025 Results Isn’t Profit — It’s “Cutting Weight” and “Stopping the Bleeding” at the Same Time
-
Positive Factors Drive Up Butanol Market
-
Geopolitical Tensions Intensify, Causing a Significant Increase in Polyester Chip Prices
-
Methanol Market Conditions Rebound with Volatility
-
Supply and Demand Improve, Cyclohexanone Market Rises in February in China
-
Narrow Range Consolidation in the Ethanol Market