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According to the report, the project was implemented in two phases and was implemented step by step, with simultaneous construction and commissioning. The first phase investment is 4.341 billion yuan. The main products are liquefied gas, MTBE, naphtha, and diesel blending components. The project is expected to start production in December 2012; the second phase investment is 3.993 billion yuan. The main products are acrylonitrile and styrene. , MMA and acetonitrile, etc., project is expected to start production in April 2013.
The project is a key project in Hainan Province's "Eleventh Five-Year Plan" for development. It relies on rich marine oil resources in the periphery of Hainan, and uses the catalytic cracking (DCC) technology in accordance with the principles of clean production and green chemical development.
China National Offshore Oil Corporation's Fine Chemical Project started construction today (November 14th) in Hainan's Dongfang Industrial Park, with a total investment of 8.3 billion yuan.