Based in North Kalimantan Industrial Park, North Kalimantan, Indonesia
Project: Taikun Petrochemical (Indonesia) Co., Ltd. Indonesia North Recycling Integration Project
Investment: 8.624 billion US dollars, equivalent to 62.409 billion yuan
The latest project: On the evening of June 26, Tongkun Co., Ltd. and Xinfengming, two leading enterprises in the polyester filament yarn industry, respectively issued announcements that they plan to launch the Indonesian North Extraction and Chemical Integration Project of Taikun Petrochemical (Indonesia) Co., Ltd.
It is reported that the project construction includes oil refining and aromatic process equipment, ethylene and downstream equipment and related supporting facilities. The project scale is 16 million tons/year of oil refining, with a p-xylene (PX) production capacity of 5.2 million tons/year and ethylene 800,000 tons/year. The project produces 4.3 million tons/year of refined oil, 4.85 million tons/year of paraxylene (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.
Tongkun Group is a comprehensive holding group spanning petroleum refining, PTA, polyester, polyester filament, new materials, logistics, hotels, real estate, comprehensive investment and other fields. After more than 40 years of development, Tongkun has realized a complete industrial chain from "a drop of oil" to "a horse of cloth", and the production capacity and output of polyester filament yarn ranks first in the world. Tongkun Group now has total assets of more than 100 billion yuan, 3 directly affiliated factories and more than 80 holding enterprises, and participates in Zhejiang Petrochemical, entering the petroleum refining industry, and now has 10 million tons of crude oil processing rights, 10.2 million tons of PTA, 10 million tons of polymerization and 10.5 million tons of polyester filament annual production and processing capacity.
Xinfengming Group Co., Ltd., founded in February 2000, is a collection of PTA, polyester, spinning, elasticity, import and export trade as one of the modern large-scale joint-stock enterprises, under Zhongwei, Huzhou Zhongshi Science and Technology, Dushan Energy, Jiangsu Xintuo and other more than 20 subsidiaries, with 20 years of polyester filament yarn research and development and production experience, mainly using melt direct spinning production technology, the introduction of today's world's advanced polyester equipment and spinning equipment, focusing on the field of civil polyester fiber, products cover differentiated POY, FDY, DTY polyester filament and fabric type, knitted cotton type, sewing line type, non-woven shape and other staple fiber and other high-end series varieties.
The main body of implementation of this project is Taikun Petrochemical, and according to the equity structure, the major shareholders of Taikun Petrochemical are Tongkun and Xinfengming. In addition to supplying Indonesia's scarce refined oil and basic chemicals, the remaining chemical raw materials and products are shipped back to China for deep processing by Chinese professional enterprises to produce high value-added products. Xin Fengming and Tongkun jointly said that Indonesia's northern refining and chemical integration project is in line with the national "One Belt, One Road" strategy. Tongkun and Xinfengming firmly lay out refining and chemical integration projects overseas to build a bridgehead for Chinese refining and chemical enterprises in Southeast Asia.
It is reported that the project has made positive contributions to building Chinese brands, exporting domestic superior production capacity, equipment and technology, as well as promoting the internationalization of RMB and ensuring the energy security of the mainland. The project extends the industrial chain of Tongkun Co., Ltd. and Xinfengming Co., Ltd., builds an international cross-border supply chain, ensures the supply of raw materials for Tongkun Co., Ltd. and Xinfengming PTA-polyester industry chain, and better promotes the healthy development of enterprises.
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