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The commissioning ceremony of 600,000 tons olefin project of Jiutai Energy (Jungle) Co., Ltd. was held in Ordos, marking the successful entry of the project into a new stage.
The methanol deepening project of Jiutai Energy (Jungle) Co., Ltd. started construction in 2013, with a planned investment of 8.28 billion yuan. The project uses UOP methanol as raw material to produce low-carbon olefins, pre-KBR de-propane separation technology and Dow chemical UNIPOL polypropylene technology. After putting into operation, it is expected to complete a profit and tax of 2.5 billion yuan per year. The planned annual output of 1.8 million tons of methanol to 600,000 tons of olefins is 280,000 tons of polyethylene, 320,000 tons of polypropylene, 80,000 tons of butadiene, 125,000 tons of butylene, 66,000 tons of MTBE, 60,000 tons of oil products and liquefied petroleum gas, and 80,000 tons of cis-butadiene rubber.
The start-up time of the polymerization plant of Jiutai Jungle Energy Company was advanced again. The start-up time of PE and PP plants was advanced to March 20. It is expected that the products will be produced near the end of March. The planned production of PE plant is 7042.
According to the data monitored by the Purchasing, Chemical and Plastic Research Institute, the production capacity of domestic polyolefin plants has reached more than 390 million tons so far.
Jiutai Energy (Jungle) Co., Ltd. is a subsidiary of Jiutai Energy Inner Mongolia Co., Ltd. located in the new area of Zhunqi Dalu, Ordos City, Inner Mongolia Autonomous Region. The project was at a standstill due to funding problems.
In June 2016, Jiutai Group transferred 52% equity of Jiutai Energy Inner Mongolia Co., Ltd. to Yanzhou Coal Industry Ordos Energy Co., Ltd., a wholly-owned subsidiary of Yanzhou Coal Industry. After the acquisition, Yanzhou Coal Industry will become the actual controller of Jiutai, Inner Mongolia. Jiutai Group said that the new capital entry will effectively improve the tight situation of funds for the start-up olefin project, which is mainly used for 600,000 tons of methanol-to-olefin project in Jiutai Junggar.
After the reorganization, Yanzhou Mining Group will continue to invest 4 billion yuan to complete the first phase of the project and start the second phase of the project in an all-round way, promptly promote the research and development and production of dimethyl ether, ethylene glycol, aromatics and other products. The reorganization not only can directly digest nearly 3 million tons of coal from Yankuang Group, but also can connect 1 million tons of methanol from Jiutai to 900,000 tons of methanol from Yankuang Dalat Banner to extend the industrial chain.
At present, Jiutai Group has laid out four major coal chemical projects in Inner Mongolia, namely, 1 million tons of methanol and 100,000 tons of dimethyl ether of Jiutai Energy Inner Mongolia Co., Ltd., which have been put into operation in 2010; 500,000 tons of ethylene glycol project of Jiutai Energy (Ordos) Co., Ltd. (200,000 tons in the first phase); 600,000 tons of olefins of Jiutai Energy (Junger) Co., Ltd. and limited new materials of Jiutai Energy in Inner Mongolia The company has 1 million tons of ethylene glycol and 1.8 million tons of PTA projects.
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