# China Huanqiu Contracting Engineering signs $1.2B EPCm contract for propane综合利用 project in Jiangsu

China Huanqiu Contracting Engineering Beijing Company, a subsidiary of China Petroleum Engineering Co., signed an EPCm contract worth approximately CNY 7.945 billion with Jiangsu Fenghai High-New Materials Co. for a 1.5 million tons per year propane综合利用 project in Lianyungang, Jiangsu. The contract was announced on December 6, 2021.

- Type: Contract
- Announced: 2021-12-06
- Where: Lianyungang, Jiangsu, China
- Value: $1.24B (7.95B CNY)
- Status: announced
- Capacity: 1.5 million tons per year propane综合利用
- Products: propane综合利用, polypropylene, styrene, polyolefin composite materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [China Huanqiu Contracting Engineering Beijing Company](https://endata.com/companies/59457.md)
- [China Petroleum Engineering Co., Ltd.](https://endata.com/companies/44020.md) (investor)
- [Jiangsu Fenghai High-New Materials Co.](https://endata.com/companies/59458.md) (customer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/616102.html), 2021-12-06: "公司下属子公司中国寰球工程有限公司北京分公司与江苏丰海高新材料有限公司就该公司150万吨/年丙烷综合利用项目EPCm正式签署合同，合同金额约79.45亿元人民币。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.