Olefins
To further extend the Group's industry chain, Fuhai Group plans to build a 1 million t/a project to produce differentiated olefin products with diversified raw materials in Caofeidian Petrochemical Industrial Base Annual diversified raw material to olefin project, including an ethylene plant and downstream product plants using naphtha, propane, and butane as raw materials. The project will cover a large part of the industry chain and deliver a wide range of products, with sales coverage reaching key consumer markets such as Beijing-Tianjin-Hebei, North China, and East China. Meanwhile, the project possesses a number of advantages, such as high technology, high added value of products, low energy consumption, low greenhouse gas emissions, and differentiated development of downstream products. Once put in operation, the project will be a driving force for Caofeidian Petrochemical Industrial Base to upgrade and optimize the olefins industry chain, improve the ethylene production in Hebei province, and promote the overall development of the petrochemical industry in the Beijing-Tianjin-Hebei region.