Satellite Chemical plans RMB 20.7B propylene and new materials project in Xuwei New Area

Satellite Chemical signed an investment agreement with Xuwei New Area Management Committee to build a propylene and downstream high-end new materials project in Xuwei New Area, with total investment of approximately RMB 20.7 billion. The first phase is planned at RMB 12 billion. The project will include a 2 million tons/year propane dehydrogenation unit and other units. The first phase construction period is expected not to exceed 3 years.

“Satellite Chemical announced that on November 11, 2026, the company signed the 'Xuwei New Area Investment Project Cooperation Agreement' with the Xuwei New Area Management Committee, planning to invest in and build a new propylene and downstream high-end new materials project.”gmt8press.com

• 1 source
• gmt8press.comGMT EIGHT - Latest - Satellite Chemical: Plans to invest approximately RMB 20.7 billion to build a propylene and downstream high-end new materials project.Nov 11, 2026

Summarized from public sources; check the original articles before acting on it.