Jinzhou Port to Invest in Light Hydrocarbon Project

Jinzhou Port Co., Ltd. plans to invest 2 billion RMB in establishing a wholly-owned subsidiary, which is named Jinzhou Tengrui Investment Management. The company plans to invest 2 billion RMB as the additional share of Liaoning Bora Petrochemical to support the comprehensive utilization project of light hydrocarbon located in Panjin. The total investment in this project is about 17.2 billion RMB. A 1,000kt/a ethylene units as well as matched C2/C3 deep-processing units are planned to be built. The project will take the 1,645kt of naphtha and light hydrocarbon provided by Panjin Northern Asphalt as well as 1,104kt of C3/C4 purchased from other companies as feedstock.