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Wanhua Chemical Group has received approval from Shandong's development and reform commission to build a polyolefin plant costing CNY17.6 billion ($2.58 billion) in Yantai Chemical Industrial Park, Shandong. The plant will produce 1.2 million tons of ethylene annually, including 250,000 tons of low-density polyethylene and 400,000 tons of ethylene-octene copolymer (POE).
“The Shandong provincial arm of China’s development and reform commission gave Wanhua permission for the project that will make 1.2 million tons of ethylene a year and polyolefin products along with various intermediates.”yicaiglobal.com
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