Liaoning Baolai Chemical Got 10.83 Billion RMB Bank Loans

SCI99

2019-06-28

Liaoning Baolai Chemical Got 10.83 Billion RMB Bank Loans

Liaoning Baolai Chemical signed agreements with some banks this week, and the agreements involved 10.83 billion RMB investment to the light ends comprehensive utilization project of Baolai Chemical. The project mainly includes 1,000kt/a naphtha cracker, 400kt/a gasoline hydrotreater, 450kt/a LLDPE unit and some other aromatic units and PE/PP units. The project will use the naphtha and light ends from Panjin Beifang Asphalt Fuel as feedstock. In addition, it will also need to buy 1,104kt C3/C4 from other companies each year. It is predicted that the project will start trial runs in the fourth quarter of this year.

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