Caofeidian, a coastal industrial zone from north China's Hebei province, is building itself into a mega petrochemical industry base. Now, Caofeidian has 23 key petrochemical projects under construction with total investment of 181.46 billion yuan, said a report by Beijing Daily on Monday.
The building of a commercial crude oil reserve base by Sinopec Group, a 300,000-tonne/year coal tar processing project by Tangshan Zhonghong Carbon Chemical Co., Ltd. and a clean coal utilization project by Henan Longcheng Group are basically completed. Priority would be given to construction of integrated refining projects with at least 15 million tonnes of processing capacity for single project.
Caofeidian would have the capacity to process 50 million tonnes of crude oil and over 10 million tonnes of light hydrocarbon and produce 4 million tonnes of ethylene and 5 million tonnes of aromatics, according to governmental development plan.
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