In the first quarter of 2024, Xuwei New Area in Lianyungang, Jiangsu Province held a centralized project signing event, with a total of 6 projects signed and a total investment of 46.2 billion yuan. Among them, the Shenghong Petrochemical aromatics industry chain project with a total investment of up to 37.45 billion yuan has also been successfully signed.

The Shenghong Petrochemical aromatics industry chain project is an important support for Shenghong to build a high-end and differentiated industrial cluster. Miao Hangen, Chairman of Shenghong Holdings Group Co., Ltd., said, "Shenghong has been rooted in Xuwei New Area for 14 years and has invested nearly 200 billion yuan. The aromatics industry chain project signed this time is an important measure for Shenghong Group to strengthen, supplement and extend the chain, and will provide raw material guarantees for Shenghong to layout future industries such as new materials and new energy."

Since 2010, Shenghong has actively expanded its industrial chain, advancing northward from Suzhou to Lianyungang, fully utilizing the port advantages, location advantages, and industrial advantages of the region, committed to creating a new type of petrochemical industry cluster.

This project is located in the National East West Regional Cooperation Demonstration Zone, with a planned industrial park area of approximately 16 square kilometers. This project integrates production research and development, logistics support, and other functions, committed to achieving integrated refining and chemical, and balanced development of the entire high-end new materials industry chain. As an important pillar brand among the seven world-class petrochemical industry bases in China, the construction of Shenghong Petrochemical Project will bring huge economic and social benefits to Lianyungang City and surrounding areas. Keywords: the Belt and Road news, the Belt and Road project, overseas project.

On December 28, 2022, the Shenghong Refining and Chemical Integrated Project was fully put into operation, marking a solid step for Shenghong's layout in diversified industrial chains such as new energy and new materials. The total investment of this project is about 67.7 billion yuan, with an annual processing capacity of 16 million tons of crude oil. It is not only an important support for Shenghong to build a core raw material platform, but also a key project to promote the development of world-class new energy and materials industry clusters. (This article is from the official website of Jiandao: www.seetao. com. Reproduction without permission is not allowed, otherwise it will be punished. Please indicate Jiandao's website and the original link when reprinting.) Jiandao's mechanical column editor/Zhou Yingwen