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According to market sources, Wanhua Chemical Group (Yantai, China) is planning to invest CNY17.7 billion ($2.67 billion) for its new project in Yantai, China.

There will be new steam cracker with ethylene production capacity of 1 million tons.year, as well as derivatives complex which consists of 450,000 tons/year of LLDPE, 400,000 tons/year of PVC, 150,000 tons/year of ethylene oxide (EO), 300,000 tons/year of propylene oxide (PO), 650,000 tons/year of styrene, and 50,000 tons/year of butadiene. The steam cracker will source ethane from the company’s first phase project at the same side, meanwhile purchase propane or n-butane as feedstock.