Rongsheng Petrochemical (002493.SZ) subsidiary plans to invest about 19.6 billion yuan to build an integrated refining and chemical project transformation and upgrading project

According to Zhitong Finance App, Rongsheng Petrochemical (002493.SZ) announced that in order to improve the processing depth of existing products, increase the output ratio of new material products with high added value, and further enhance the company's overall competitive strength, the company's holding subsidiary Zhejiang Petrochemical Co., Ltd. (“Zhejiang Petrochemical”) plans to invest in the transformation and upgrading of integrated refining and chemical projects. The project is estimated to have a total investment of about 19.6 billion yuan, and the construction period is expected to be 2 years.

The project uses Zhejiang Petrochemical's existing products as the main raw material to build 5 #连续重整装置、3 #重整氢提浓装置、3 #富氢提浓装置、3 #C1 /C2 separation devices, 1 #C10分离装置等，并对部分装置进行扩能技改。 After completion, the project is expected to achieve net profit of 1.41 billion yuan per year. The financial internal rate of return of the project after tax is 11.08%, and the payback period after tax is 8.93 years (including the construction period of 2 years).