MOSCOW (MRC) -- Wanhua Chemical, a major petrochemical producer in China, says it will spend USD3.6 billion to build a chemical complex in Penglai, China, by 2024, according to C&EN.
The project’s centerpiece will be a propane dehydrogenation plant (PDH) with 900,000 metric tons per year of capacity.
The complex will also make propylene oxide, polyether polyols, ethylene oxide, acrylic acid, polypropylene (PP), and other products.
Wanhua has grown quickly to become one of the world’s largest producers of polyurethane chemicals. In recent years, it has been branching out into other chemistries. In 2019 it shelved plans to build a polyurethane chemical plant in the US.
As MRC informed earlier, in April, 2021, Wanhua Chemical announced plans to build a new PDH plant in Fujian Province, southern China, adding to the PDH plant it operates at Yantai, eastern China. The new plant will be built within the Fujian Jiangyin economic zone, near the city of Fuqing. According to sources, the plant is expected to be completed in 2023.
Besdies, in January, 2020 Wanhua Chemical Group disclosed plans for a second ethylene cracker project at its Yantai, China, site with local government officials. The project will include a 1.2-million metric tons/year (MMt/y) ethylene unit; pyrolysis gasoline hydrogenation; aromatics extraction; and production facilities for butadiene, high density polyethylene (HDPE), low density polyethylene (LDPE), polyethylene (PE) plastomers and elastomers, polypropylene (PP), and other derivatives. Timing and other details were not disclosed. The second ethylene project will use naphtha and C4s as feedstock.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,487,450 tonnes in 2021, up by 13% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market totalled 1,494.280 tonnes, up by 21% year on year. Deliveries of homopolymer PP and PP block copolymers increased, whreas.shipments of PP random copolymers decreased significantly.