The total investment of 9 billion yuan in Jiangsu Xinhai Petrochemical Co., Ltd., after the first phase of an annual investment of 1.6 billion yuan in 1 million tons of delayed coking project put into operation by the end of 2008, the second phase of investment of 1.5 billion yuan in annual production of 1.2 million tons of heavy oil catalytic cracking Deep processing projects are in full swing. By 2012, the company will build a processing scale of 10 million tons per year and develop it into a large-scale petrochemical base in northern Jiangsu that integrates transportation, warehousing, processing, and sales. Jiangsu Xinhai Petrochemical Co., Ltd. is located in Lingang Industrial Zone, Bengbu City, Lianyungang City. The project plans to cover an area of ​​2 million square meters and the project will be implemented in three phases. Up to now, the first phase of the project has completed a total investment of 1.8 billion yuan. It plans to design and produce 1.2 million tons of heavy oil and 1 million tons of delayed coking products. The sales revenue of the products will exceed 2 billion yuan during the year. After the project reaches full production capacity, it will form a heavy oil deep processing capacity of 5 million tons/year. The annual sales revenue is expected to exceed 10 billion yuan and the tax revenue will exceed 400 million yuan. It is expected to be the largest petrochemical tax source project in northern Jiangsu.
It is understood that since the company officially put into production, the amount of crude oil processing is refreshing every day, and the daily output value reaches 10 million yuan. Since the beginning of this year, Jiangsu Xinhai Petrochemical Co., Ltd. has actively responded to the financial crisis and achieved a favorable situation in both production and sales. From January to April, the output value was 980 million yuan, ranked fourth in the city’s industrial output value, and the daily sales income remained at 1300 after entering May. Ten thousand yuan. The second phase of the 1.5 billion yuan annual output of 1.2 million tons of heavy oil catalytic cracking deep processing project was started in February this year, the current project is accelerating, long-cycle equipment has been fully ordered, is expected to install the equipment in July, completed in December China Communications. After the project is put into production, it can realize sales revenue of 3.4 billion yuan, tax payment of 160 million yuan, and annual transportation capacity of 10.2 million tons.