# Satellite Chemical plans to build USD3.6 billion alpha olefin industrial park in Lianyungang

Satellite Chemical is investing CNY25.7 billion (USD3.6 billion) to construct an industrial park for alpha olefins in Lianyungang, Jiangsu, China. Once completed, it will have an annual capacity of 2.5 million tons of light hydrocarbon raw materials and an annual output value of CNY48 billion.

- Type: Investment
- Announced: 2023-06-19
- Where: Lianyungang, Jiangsu, China, China
- Value: $3.60B (25.7B CNY)
- Status: announced
- Capacity: 2.5 million tons of light hydrocarbon raw materials per year
- Products: alpha olefins, light hydrocarbon raw materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Satellite Chemical Co., Ltd.](https://endata.com/companies/63127.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/20230619-16-chinas-satellite-chemical-gains-on-plan-to-build-usd36-bln-alpha-olefin-industrial-park), 2023-06-19: "Satellite Chemical said it is investing CNY25.7 billion (USD3.6 billion) to construct an industrial park for alpha olefins, a high-end new material used in synthetic lubricants, motor oils and other products."

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