The investment is 8.624 billion dollars! Xinfengming Launches Refining and Chemical Integration Project in North Indonesia

On June 26, Xinfengming Group announced that it planned to launch the Beijia Refining and Chemical Integration Project of Taikun Petrochemical (Indonesia) Co., Ltd. The project is located in North Kalimantan Industrial Park, North Kalimantan Province, Indonesia, with a total investment of about 8,623.71 million US dollars and an area of 898 hectares, including 773 hectares of refining and chemical projects and 125 hectares of photovoltaic power generation . The main products of

the project include: The actual production capacity is 4.3 million tons/year of refined oil, 4.85 million tons/year of p-xylene (PX), 520,000 tons/year of acetic acid, 1.7 million tons/year of benzene, 450,000 tons/year of sulfur, 700,000 tons/year of propane, 720,000 tons/year of n-butane, 500,000 tons/year of polyethylene FDPE, 370,000 tons/year of EVA (photovoltaic grade) and 240,000 tons/year of polypropylene.

Regarding the launch of the Indonesian refining and chemical project, Xinfengming said that the project is not an industrial transfer but an extension of the industrial chain, which will help to build a cross-border industrial chain value chain supply chain, realize the integrated development of the industrial chains of Tongkun Stock and Xinfengming Group, ensure the resilience and safety of the industrial chain, and ensure the supply of raw materials for the PTA-polyester industrial chain.