en.Wedoany.com Reported - On the evening of April 2, China's Eastern Shenghong issued an announcement stating that, in order to ensure the production of high-value petroleum coke products by its delayed coking unit, enhance product added value, thereby further strengthening the competitive advantage of its integrated refining and chemical operations and improving the market competitiveness of its refining business, its wholly-owned second-tier subsidiary Shenghong Refining (Lianyungang) Co., Ltd. plans to invest in the construction of a 2 million tons/year coking feedstock pretreatment unit and related supporting facilities project. The project is expected to involve an investment of approximately 3.455 billion yuan, with an estimated construction period of 2 years.
Basic Information of the Investment Project
Project Name: Shenghong Refining (Lianyungang) Co., Ltd. Delayed Coking Optimization and Upgrading Project.
Construction Location: The project is planned to be built within the Petrochemical Base of the National East-West Central Regional Cooperation Demonstration Zone in Lianyungang, Jiangsu Province, covering a land area of 28,200 square meters.
Construction Content and Scale: A 2 million tons/year coking feedstock pretreatment unit, along with supporting facilities such as an instrument and control room, substation, process and thermal pipeline network, and circulating water field.
Investment Amount: The total investment for this project is estimated to be approximately 3,455.24 million yuan, of which the construction investment is estimated to be about 3,329.29 million yuan.
Funding Source: Self-owned funds, bank loans, etc.
Project Schedule: The construction period for this project is estimated to be two years. It is currently still in the preliminary design stage.
Other Notes: This external investment does not involve entry into new fields.
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