# Wanhua Chemical plans $2.5B ethylene and polyolefins project in Yantai

Wanhua Chemical announced plans to invest 17.6 billion yuan (approx. $2.5 billion) in a second-phase ethylene project at its Yantai industrial park, building a 1.2 million tonnes per year ethylene cracker and downstream high-end polyolefins units. Production is expected to start in October 2024.

- Type: Expansion
- Announced: 2022-12-13
- Where: Yantai, Shandong, China
- Value: $2.50B (17.6B CNY)
- Starts operating: Oct 2024
- Status: announced
- Capacity: 1.2 million tonnes per year ethylene
- Products: ethylene, polyolefin elastomer (POE), low-density polyethylene (LDPE), butadiene, aromatics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Wanhua Chemical](https://endata.com/companies/5042.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/846537.html), 2022-12-13: "The project will help Wanhua strengthen the polyolefin industry chain and fill the domestic gap in high-end polyolefin products."

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