On the evening of April 14th, Zhuoran issued the “Announcement on the Signing of Major Orders by Wholly-owned Subsidiaries”.
Recently, Zhuoshu, a subsidiary of the company, received a purchase order from Zhenhua Petrochemical Co., Ltd., of which 30/670,000 tons/year PO/SM
The main deviceand its supporting modular design, manufacture and installation EPC general contract contract The order amount is RMB 3,356 million (tax included); 40
10,000 tons/year butane reaction unit engineering design, manufacture and installation EPC general contract order value is 2.134 billion yuan; 260,000 tons/year maleic anhydride main device and its supporting modular design, manufacture and installation EPC
The order value of the general contract contract is 1.446 billion yuan, and the total total amount is 6.936 billion yuan, accounting for 2021 of the company’s audited operating income
177.81%.
The main terms of the contract are as follows.
Total order amount: RMB 6,936,000,000 (including tax).
Settlement method: The contract signing, project start, equipment ordering, main material arrival, equipment delivery, installation acceptance, etc. are the milestone nodes to make payment according to the purchase conditions.
Project Location: Dongying Port Economic Development Zone, Dongying City, Shandong Province.
Performance period: From the effective date of the order to the product inspection and acceptance and completion of delivery (the expected performance time is from 2023 to 2025).
Effective conditions: The order contract will take effect immediately after it is signed and sealed by both parties.
Contract signing time and place: April 14, 2023 in Suzhou.
Project Progress
The orderly construction of Zhenhua Petrochemical’s ongoing propane dehydrogenation and propylene oxide high-end chemical projects is the best proof that it is moving forward in accordance with the plan. At present, the construction of the civil engineering and steel structure of the PDH device area of the project has been fully launched, and the on-site equipment is being produced in an orderly manner. According to Feng Guangjie, the person in charge of the project, the project is expected to complete the piping and equipment installation before May, and realize the commissioning in China; the propylene oxide unit and the maleic anhydride unit will be delivered in May next year Put into production.
This project is an important basic project for enterprises to achieve transformation and upgrading. By integrating the resources of Axiata Group and other enterprises around Dongying Port, and taking advantage of the location advantages of port transportation, it will produce low-value-added light hydrocarbon raw materials such as propane and liquefied gas into polymer-grade propylene, High value-added chemical products such as propylene oxide, styrene and maleic anhydride are of great significance for enterprises to take the lead in opening up the “refining-aromatics-polyester-new materials” industrial chain.
Project Introduction
The first phase of the propane dehydrogenation and propylene oxide project of Zhenhua Petrochemical Co., Ltd. plans to invest 12.36 billion yuan, covering an area of 1,466 mu. device, 250,000 tons/year gas separation device and 200,000 tons/year maleic anhydride device. Among them, the propane dehydrogenation unit is the largest monomer dehydrogenation unit in the world, adopting the latest international dehydrogenation process, which has the advantages of small hydrogen-to-hydrocarbon ratio, low energy consumption, and long catalyst operating cycle. “The PO/SM device adopts the largest co-oxygen production process in China, which not only effectively overcomes the shortcomings of the traditional process of serious pollution and corrosion of three wastes, but also further improves the diversity and economy of products.” Wang Huating said.
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