A total investment of 51 billion yuan! Tongkun Petrochemical-fiber industry chain layout strengthens areas of weakness: 600,000 tons / year styrene project starts in Qinzhou, Guangxi
Dec 26, 2019 ｜ by CT
On December 18, the commencement ceremony of phase I styrene project with annual output of 600,000 tons of Tongkun Beibu Gulf Green Petrochemical Integration Industrial Base was held in Sandun area, Qinzhou Port, Guangxi Province.
Tongkun is a representative of the leading textile and chemical fiber companies. The company now has 6.2 million tons of polymer and 6.8 million tons of polyester filament annual production and processing capacity, 4.2 million tons of PTA annual production and processing capacity, and has been ranked first in the production capacity and output of polyester filament company in the world since 2009. In recent years, Tongkun has vertically integrated the entire industrial chain of “refining and petrochemical (PTA) -polyester-spinning-texturing”. With the vertical advantage of the entire industrial chain, Tongkun has realized upstream and downstream collaboration in the field of textile chemical fiber integrated innovation, working with downstream customers and peer brother companies to develop functional and differentiated polyester filaments.
Tongkun Beibu Gulf Green Petrochemical Integrated Industrial Base Project was settled in Qinzhou on August 27, 2019, with a total investment of 51 billion yuan. It will mainly build 3 subprojects with an annual output of 600,000 tons of styrene, 2.8 million tons of aromatics, 5 million tons of PTA and related supporting facilities. This is undoubtedly an important step in the layout of Tongkun’s entire industry chain.
It is reported that the total investment for the first-phase 600,000 tons styrene project in the first phase is 2.5 billion yuan. After the Tongkun Beibu Gulf Green Petrochemical Integrated Industrial Base Project is fully completed and put into operation, the annual output value will be about 65 billion yuan, and the tax will be about 3.2 billion yuan. It will supplement aromatics and downstream PTA and polyester industry shortcomings, and promote the high-end green chemical fiber industry layout, and further promote the development of surrounding textile industry.
It is worth mentioning that the “5 + 2” major industrial projects in Qinzhou refer to the newly started construction in Qinzhou, 5 industrial projects with investment exceeding 10 billion yuan, and 2 industrial projects with investment of 5 - 10 billion yuan. Among the five industrial projects with an investment of over 10 billion yuan, not only the Tongkun Beibu Gulf Green Petrochemical Integrated Industrial Base Project, but also another leading enterprise in the chemical fiber industry, Hengyi High-end Green Chemical Fiber Integrated Base Project.
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