Sailboat Petrochemical

Shenghong Holding Group was established in 1992, headquartered in Shengze, Suzhou. Shenghong Group has always focused on the development of the real economy, continuously aggregating resources and concentrating on innovation, building a new high-end industrial chain from printing and dyeing, chemical fiber to petrochemical and refining, and growing into an innovative high-tech industrial group with petrochemical, textile, and energy as its main businesses. Currently, the group has one listed company (Eastern Shenghong, 000301) and more than 40,000 employees. In 2020, Shenghong Group officially entered the "Fortune Global 500", ranking 241st; meanwhile, it ranked 89th among the "Top 500 Chinese Enterprises" and 19th among the "Top 500 Private Enterprises in China". Shenghong Petrochemical is an innovative and ecological petrochemical industrial cluster built by Shenghong Group. Located in the National Demonstration Zone for East-Central-West Regional Cooperation (Xuwei New Area, Lianyungang), the industrial park covers an area of approximately 15 square kilometers, integrating production, R&D, logistics support and other functions, adhering to the integrated refining and chemical development and the balanced growth of the entire high-end petrochemical chain. It is a highly influential pillar brand among the seven major petrochemical industry bases in China.

Within the Shenghong Petrochemical Industrial Park, a 2.4 million tons/year methanol-based multi-production project and a 1.5 million tons/year PTA project have been completed and put into operation, supported by 1.4 million cubic meters of liquid chemical storage, two 50,000-ton liquid chemical terminals, and a cogeneration project. Leveraging the leading role of the large integrated refining and chemical project and extending the chain, the company is climbing steadily toward the mid-to-high end of the global industrial chain. It is currently constructing an integrated refining and chemical project with 16 million tons/year crude oil refining, 2.8 million tons/year aromatics, 1.1 million tons/year ethylene and downstream derivatives, along with a 300,000-ton crude oil terminal, 3 million cubic meters of storage, and utility island projects, with a total investment of approximately 67.7 billion yuan. Upon completion, Shenghong Petrochemical will form a unique dual-chain—oil-to-olefins and methanol-to-olefins—development model, providing a new pathway for the transformation and upgrading of China's petrochemical industry.

Jiangsu Sailboat Petrochemical Co., Ltd. is a wholly-owned subsidiary of Shenghong Holding Group, located within the petrochemical industrial park in Xuwei New Area, Lianyungang City, covering a total area of 351 hectares. The first phase of the Sailboat 2.4 million tons/year methanol-based multi-production project was completed and put into operation in 2016, using methanol as raw material to produce ethylene and propylene via the methanol-to-olefins (MTO) process, and subsequently manufacturing downstream derivatives.

The first phase of the methanol-based multi-production project comprises a total of 11 process units along with supporting utilities and auxiliary facilities. Major production units include a 2.4 million tons/year (based on methanol feed) methanol-to-olefins (MTO) unit, a 100,000 tons/year oxidative dehydrogenation unit for butadiene (BID), a 200,000 tons/year tubular EVA unit, a 100,000 tons/year autoclave EVA unit, an 180,000 tons/year ethylene oxide (EO) unit, a 100,000 tons/year ethanolamine (EOA) unit, a 120,000 tons/year ethoxylation (EOD) unit, a 260,000 tons/year acrylonitrile (AN) unit, an 85,000 tons/year methyl methacrylate (MMA) unit, a 210,000 tons/year waste acid recovery (SAR) unit, and an 80,000 tons/year super absorbent polymer (SAP) unit, among others.