Fengyuan Oil Annually Produces 300,000 Tons of Light Hydrocarbon Project

On November 28th, Fengyuan Petroleum's annual production capacity of 300,000 tons light-hydrocarbon comprehensive utilization project started in Jiyuan, Henan Province. The total investment of the project is 750 million yuan, and it is expected to be put into operation by the end of 2013.

It is reported that the total investment of the project is 750 million yuan, covering a total area of ​​300 acres, and it is located in the Huling Industrial Agglomeration Zone. Taking industrial liquefied gas as the main raw material and adopting the latest domestic technology to produce chemical products such as petroleum additives, light aromatics, heavy aromatic hydrocarbons, propane and butane, industrial raw materials can be dried and squeezed to achieve zero emissions and no pollution. The project will be constructed in two phases and is expected to be fully operational by the end of 2013. After the project is completed, annual sales income of 3.5 billion yuan and profits and taxes of 500 million yuan can be realized.

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