Project Construction Deduces “Cooperative Economy”————The 5th Investigation on the Export-oriented Economic Development of Petroleum and Chemical Industry in Zhejiang Province

Dazhao Port Development Zone is one of the six major port areas in Ningbo Port. It has formed important chemical logistics bases such as liquid chemicals, coal, liquefied petroleum gas, crude oil, and refined oil. At present, a group of multinational companies such as British BP, Mitsubishi Chemical of Japan, and Sinopec, PetroChina, CNOOC, Yantai Wanhua and other domestic companies have seized the opportunity to implement their strategic investment plans.
British BP is the first Fortune 500 company to settle in Dalat. With a total investment of 96.5 million U.S. dollars, it will build a base station for East China BP liquefied petroleum gas in Ningbo, which includes two underground storage tanks of 250,000 cubic meters, a 50,000-tonne dock, a 5,000-ton dock and ancillary facilities. Japan's Mitsubishi Chemical Corporation, with Itochu, Mitsubishi Corporation and CITIC Group, has a total investment of US$1 billion in refined terephthalic acid (PTA) projects. The final production scale is an annual output of 2 million tons, of which 600,000 tons will be produced annually and the investment is 3.24. The one-billion-dollar project has entered the construction phase. This project is Mitsubishi Chemical's largest investment project in China and has aroused strong reaction in the petrochemical industry sector in Japan. Sumitomo, Marubeni and other multinational companies have also come to find opportunities for development.
"Inside China and foreign capital, both sides do not emphasize the outside" is the basic idea of ​​investment in Daxie Development Zone. The Dagu crude oil transfer base project jointly constructed by China Petroleum & Chemical Corporation and Ningbo Port Group will build three 250,000-ton and one-20,000-ton crude oil transfer terminals and 2 million cubic meters of tank storage. With a total of 250,000-ton and 20,000-ton docks and a tank area of ​​830,000 cubic meters, it is possible to berth 300,000-ton-class world super-large tankers. By 2010, Dagu Port's crude oil throughput capacity will reach 60 million tons, accounting for half of China's total crude oil shipping imports. In August last year, Yantai Wanhua started the construction of a 160,000-ton/year isocyanate (MDI) project in Daxie Development Zone. After production, Yantai Wanhua will become the largest MDI supplier in Asia and the fifth in the world. China's polyurethane industry will truly have international competitiveness. Ningbo Daxie Liwan Petrochemical Co., Ltd., a joint venture between China National Offshore Oil Corporation and Hong Kong Liwan Group, is also an important Lingang petrochemical industrial base. The total investment of the project is 48 million U.S. dollars. The main products are 70# and 90# high-grade asphalt. The production capacity is 1 million tons per year. After the completion of the second phase, the production capacity can reach 1.5 million tons per year. It is the largest asphalt in China. Professional production base.
The key projects in the Daxie Development Zone include the construction of a container terminal project jointly invested by the China Petroleum and Natural Gas Corporation and the construction of a joint venture between Ningbo Daxie Investment Holdings Co., Ltd., Ningbo Port Group Co., Ltd. and Hong Kong Merchants Group. By then, Ningbo Port’s container handling capacity will exceed 10 million TEUs, making it the largest international shipping center in Northeast Asia.
According to the development plan, by 2010, the cargo throughput of Daxie Port will reach 60 million tons; the annual output of 600,000 tons of MDI, 400,000 tons of aniline, 300,000 tons of chlor-alkali, 400,000 tons of PVC, 2 million tons of PAT, 300 Ten thousand tons of high-grade asphalt production capacity, strive to build 12 million tons/year of oil refining and 1 million tons/year ethylene integration project; Ensure that the total investment in the introduction of foreign-funded projects reached 45 billion yuan, the industrial output value of the region reached 35 billion yuan, to achieve financial Income of 3 billion yuan.
In addition, this year Wenzhou has already started the preliminary work of the 250,000-ton crude oil terminal in the Weimen Island port area. Wenzhou Xiaomen Island has now built a 50,000-ton and 1,000-ton, 1,500-ton, and 5,000-ton oil and gas terminals, with 83,000 cubic meters of liquefied gas storage tanks and 22,000 cubic meters of liquid chemical storage tanks. With 51,000 cubic meters of storage tanks and 9.7 kilometers of gas pipelines, it is the largest normal temperature LPG transfer station in Asia.

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