Sinopec (Tianjin) Petrochemical Co., Ltd. 260,000 tons/year polycarbonate project was held in the Binhai New Area. As the largest polycarbonate project currently under construction in China, the project's design capacity exceeds the total domestic production capacity of polycarbonate in 2010. According to industry sources, after the project is put into production, it will effectively meet the needs of the petrochemical market in the Asia Pacific region and further increase the competitiveness of China's chemical industry.
“The project has advanced equipment, high technological content, high added value, and a wide range of applications. It promotes the development of Tianjin's petrochemical industry and radiates the economic growth of the Bohai Rim region,†said Xu Hongxing, President of China Sand (Tianjin) Petrochemical Company.
It is reported that Sinopec (Tianjin) Petrochemical has achieved good operating results during the first phase of production since its two years of operation. From 2010 to 2011, it paid tax revenue of RMB 858 million, realized industrial output value of RMB 48.6 billion, and exceeded 4 million tons of chemical products annually. After the second phase of the project is completed and put into production, the company's contribution to the regional economy will be further enhanced. At the same time, it will also have a significant driving effect on the industrial transformation and upgrading of the new zone.
Sinopec (Tianjin) Petrochemical's 260,000-ton/year polycarbonate project has an annual output of 1 million tons of ethylene and its supporting projects. It has also invested in competitive industries such as autos, equipment manufacturing, electronic information, and light industrial textiles in the new area. Its construction will further improve the complete petrochemical industrial chain of “Tuntou-Avatar-Light Spinning Tail†in the new district, so that the rich petrochemical upstream resources in the New District will become a good foundation for advanced manufacturing.
Industry sources pointed out that the launch of the polycarbonate project will further eat dry pressed net petrochemical raw material resources and increase the added value of the new district's petrochemical industry. At the same time, it will also accelerate the concentration of downstream enterprises to the new district, thereby reducing the supporting costs of developing advanced manufacturing industries in the region.
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