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ISTANBUL, April 17, 2025 /CNW/ -- Rönesans Holding, one of Türkiye's largest contracting and investment conglomerates, has closed the financing to progress the development of a major new PP production plant and terminal facility, which will be one of the largest private sector investments in Türkiye.

A total of $1.3 billion in financing, led by the U.S. International Development Finance Corporation (DFC) for the PP production plant and Spain's Export Credit Agency (Cesce) for the PP production plant and terminal, underscoring the project's global importance.

This landmark undertaking, valued at $2 billion, is expected to boost Türkiye's industrial self-sufficiency and strengthen its global trade position – reducing the country's import dependence.

Ceyhan Polipropilen Üretim Anonim Åžirketi will be one of the largest industrial investments ever undertaken by the private sector in Türkiye and the largest investment in Rönesans' history, expected to directly contribute $300 million annually to Türkiye's balance of payments.

The investments secure landmark partnership with Africa's largest company, SONATRACH and one of the world's leading integrated supply chain solution providers for specialty liquid bulk chemicals, Stolt-Nielsen.


#sonatrach #ceyhan #turkiye #pdh #polypropylene








China's largest petrochemical industrial base has been fully completed.

On December 19, the second phase of the capacity expansion and high-end new materials project of SINOPEC's Zhenhai Refining and Chemical (ZRCC), a key project of Zhejiang Province's "14th Five-Year Plan", was fully mechanically completed, setting a number of records in the construction of domestic projects of the same size, including the most extensive application of independent innovation, the highest degree of intelligence, and the best energy saving and consumption reduction. So far, the refining capacity of Zhenhai Refining and Chemical has been increased to 40 million tons, making the total refining capacity of the Zhejiang Ningbo Petrochemical Base where it is located exceed 50 million tons, making it the largest, most technologically advanced, and most competitive world-class petrochemical industrial base in the country.

The Ningbo Petrochemical Industrial Base in Zhejiang is located in the Yangtze River Delta region and is a consumption center for downstream petrochemical products. The total investment in the Phase II capacity expansion and high-end new materials project of Zhenhai Refining and Chemical is 41.6 billion yuan, covering 18 units such as atmospheric distillation, catalytic cracking, polypropylene, and propane dehydrogenation. The new production capacity is fully focused on chemical processes, which will give rise to a number of high-value-added characteristic industrial chains such as "refining-propane dehydrogenation-propylene-acrylonitrile-ABS/methionine, refining-liquefied gas-isononanol-environmentally friendly plasticizers", focusing on the development of high-end polyolefins, high-end new materials, high-end chemicals and other products, which can provide nearly 8 million tons of related products to the downstream each year, providing strong support for the integrity and competitiveness of the industrial chain of advantageous industries such as automobiles, home appliances, and textiles in the Yangtze River Delta region, and driving the trillion-level output value of the upstream and downstream industrial chains.

The project has set multiple records and established industry benchmarks. It successfully achieved domestic production of 10 core equipment pieces, including the world's largest vertical labyrinth compressor. The project extensively implemented smart technologies, achieving simultaneous delivery of digital and physical factories, and deployed a fully independent domestic industrial operating system. It utilized the independently developed "Petrochemical Smart Cloud" industrial internet ecosystem platform to effectively support operational decisions and management. Additionally, the project was the first to comprehensively implement energy-saving measures, reducing overall energy consumption by approximately 11.7%. During the construction period, the project accumulated over 90 million continuous safe work hours, with a 100% quality pass rate for unit projects, setting a new industry standard.

Source: Xinhuanet

#china #sinopec #zhenhai #ningbo #zrcc #zheijiang #pdh #adu #fcc #acrylonitrile #abs #lng #refining #petrochemicals









Juzhengyuan Technology Co., Ltd. (Grand Resource) in DongGuang, China has been fully modelled. The site converts propane into 1.2 million tonnes of propylene and 50,000 tonnes of hydrogen; the propylene is further converted into 1.2 million tonnes of polypropylene. Technologies employed are Catofin PDH from Lummus and Unipol PP from W.R. Grace.

#propane #dehydrogenation #pdh #propylene #polypropylene #grandresource #juzhengyuan #dongguan #hydrogen