Recently, Dinghai District, Zhoushan City released the annual plan for key construction projects in Dinghai District in 2022, focusing on 66 projects with a total investment of 45.34 billion yuan.
These include the Rongsheng Group Jintang rubber and plastic new material project. The project started on January 5 with a total investment of 9.59 billion. The project is located in Jintang Town. The main construction content includes the construction of 600,000 tons/year polystyrene and 300,000 tons. /year SBS, 100,000 tons/year SIS, 320,000 tons/year nylon 66 equipment, plans to invest 1 billion yuan in 2022, and complete 10% of the project volume.
As early as December 2021, Rongsheng Group held a signing ceremony for the Jintang New Materials Park project in Zhoushan New City. According to the cooperation agreement signed between the municipal government and Zhejiang Rongsheng Holding Group, the project is located in the northern part of Jintang Island, with a total investment of approximately 50 billion yuan, and the use of foreign capital of no less than 800 million US dollars. It will create a group of petrochemical midstream and downstream technologies with high technological content and growth. Projects with high sex, high added value and high taxes. The investment in the first phase of the project, public works and supporting facilities is approximately 10 billion yuan.
It is understood that the construction of this project will have two important strategic significances:
1. Ranking first among the five major engineering plastics, nylon 66 has been facing a domestic supply shortage. A few days ago, Tianchen Qixiang announced that the adiponitrile, acrylonitrile and other devices in its million-ton nylon 66 new material industry base will soon Produce qualified products in March and April. The launch of Rongsheng Group’s 320,000 tons/year nylon 66 device will undoubtedly further increase my country’s independent supply of new nylon 66 materials and reduce dependence on foreign countries.
2. There have been news reports before that the Jintang New Materials Park project has been signed, and it is planned to invest 50 billion yuan to build 7 chemical industry chain projects. From this, we wonder whether the rubber and plastics project started this time belongs to the 7 chemical industry chain projects. One, but after checking, the editor has not seen any official statement. If this is the case, then this project will become the first start-up project of Rongsheng Group’s Jintang new material project. It is not difficult to see that nylon 66 has also become the first batch of new materials that Rongsheng Group will focus on.
Rongsheng Petrochemical’s total profit exceeds 30 billion yuan in 2021
Phase 2.5 project is scheduled to be put into production in 2023
As one of the world’s top 500 companies, Rongsheng Group’s industries cover petrochemicals, chemical fiber, real estate, logistics, venture capital and other fields. Among them, in the petrochemical field, Rongsheng is one of China’s leading private petrochemical companies.
In the petrochemical and chemical fiber sector, we adhere to the “vertical and horizontal two-way” development strategy, that is, we continue to grow the industrial chain upstream vertically and continuously develop new products horizontally. At present, the group has laid out a complete industrial chain from refining, aromatics, and olefins to downstream purified terephthalic acid (PTA), MEG and polyester (PET, including bottle flakes and films), and polyester yarn (POY, FDY, DTY).
Recently, Rongsheng Petrochemical released a performance report for 2021: total operating revenue was 181.535 billion yuan, a year-on-year increase of 69.24%; total profit was 30.330 billion yuan, a year-on-year increase of 81.80%; net profit attributable to shareholders of listed companies was 12.843 billion yuan, a year-on-year increase of 7.572% %; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 12.093 billion yuan, a year-on-year increase of 90.57%.
On the evening of January 12, Rongsheng Petrochemical announced that Zhejiang Petrochemical’s 40 million tons/year refining and chemical integration project (Phase II) was fully put into operation.
Guo Hekuan, Vice President of Zhejiang Petrochemical, once said in an interview: “The second phase of the 20 million tons/year refining and chemical integration project is advancing faster than the first phase. In this area, we have also planned 2.5 phases and two more sets of ethylene cracking Device.” Currently, Zhejiang Petrochemical’s Phase 2.5 project plan includes an 800,000 tons/year EVA project and is scheduled to be put into production in 2023.
Zhoushan Green Petrochemical Base will also focus on the third phase of development and continue to expand the scale of the industry. It will not only refine and strengthen the mid- and downstream petrochemical industry chain, but also unite Zhoushan Fine Chemicals and Ningbo New Materials to promote the integration of the Yongzhou-Zhou petrochemical industry.
Rongsheng is actively accelerating the layout of new energy and renewable resource industries. Currently, it has 25,000 tons/year of photovoltaic backplane base film (polyester film) and 200,000 tons/year of dimethyl carbonate (DMC) used in lithium battery electrolyte. ) products, 300,000 tons/year ethylene-vinyl acetate copolymer (EVA) products used in the photovoltaic industry, 2*260,000 tons/year polycarbonate (PC), etc. Rongsheng’s Hainan Yisheng Petrochemical Base has 50,000 tons/year of recycled food-grade polyethylene terephthalate resin (RPET) about to be put into production, and another 90,000 tons/year of production capacity is under planning.
The SBS, SIS, nylon 66 and other products laid out this time will on the one hand help alleviate the current shortage of new materials and raw materials and ensure the safety of the supply chain of related domestic industries; on the other hand, Zhejiang Petrochemical will also further develop downstream high value-added products for the company in the future. The new materials and fine chemical industries provide sufficient raw material security and room for expansion.
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