Total investment 500 billion! Summary and Industry Impact Analysis of 34 Key Projects in Shandong Province

1. planning overview: three main lines, Dongying-Zibo-Yantai three-pole pattern formation

this batch of statistics covers 34 key chemical and new material projects in Shandong Province, China, spanning Heze, Dongying, Zibo, Yantai, Weifang, Binzhou, Jinan, Rizhao and other major chemical cities. The total investment volume is huge, showing three clear main lines of "refining and upgrading, olefin extension and new material breakthrough.

Regional concentration is highly prominent. Dongying, China, ranks first in both the number of projects and the total amount of investment, is rapidly growing into the core carrier of the new generation of refining and new materials investment in Shandong, China. Zibo, China continues to strengthen its high-end chemical position by virtue of Qilu Petrochemical's stock advantage and new projects such as Tianchen Qixiang hexanedinitrile. Relying on Wanhua Chemical and Yulong Island's twin engines, Yantai has become the highest chemical investment highland in Shandong.

2. Key Projects Analysis and Global Market Impact

refining and chemical integration: 6 projects with a total investment of more than 300 billion yuan, the volume dominates the overall situation.

China Dongying Fuhai Aromatic Raw Material Low Carbon Reconstruction and Comprehensive Utilization Demonstration Project (with a total investment of 77.69 billion yuan) plans 39 units such as 15 million tons/year oil refining, 1 million tons/year ethylene and 1 million tons/year PX. The whole chain covers oil refining, ethylene and aromatic hydrocarbons, which has a significant impact on the supply pattern of global PX and downstream polyester industry chain. China Dongying Xinhexing Petrochemical Guangrao Refining and Chemical Integration Project (with a total investment of 67.8 billion yuan) further consolidates Dongying's refining and chemical core position. The downstream and extended industrial chain project of Shandong Yulong Petrochemical Company in Yantai, China (with a total investment of 117.86 billion yuan) is the core project of Yulong Island Base's comprehensive expansion to the direction of high-end new materials, ranking first in China's single projects in terms of volume. China Zibo Qilu Petrochemical Lu Oil Lu Refining Technology Upgrade Project (with a total investment of 22.68 billion yuan) is a stock upgrade and is called "Rebuilding a Qilu Petrochemical".

Card neck material concentrated breakthrough: POE, adiponitrile, polyoxymethylene, ethylene propylene rubber synchronous layout.

China Yantai Wanhua Chemical 400000 Tons/Year Polyolefin Elastomer (POE) Project (with a total investment of 4.24 billion yuan) is one of the largest POE projects under construction in China. Wanhua relies on independent catalyst technology to lay out varieties monopolized by multinational enterprises for a long time, and the strategic significance of domestic substitution is outstanding. Superimposed on a petrochemical 100000-ton/year EPOE project in Shandong, China (with a total investment of 1.25 billion yuan), China's domestic supply capacity of Shandong POE/EPOE will focus, A direct impact on the Chinese market share of existing overseas POE suppliers.

China Zibo Tianchen Qixiang Hexanedinitrile Phase II Project (with a total investment of 12.3 billion yuan) is of far-reaching significance-Tianchen Qixiang Phase I is China's first hexanedinitrile industrialization device with independent intellectual property rights. The promotion of Phase II marks that China's hexanedinitrile production capacity has entered a stage of scale expansion, which will have a medium-and long-term structural impact on the supply pattern of nylon 66 raw material.

China Dongying Lihuayi 80000 Tons/Year Polyoxymethylene Engineering Plastics Project (with a total investment of 2.61 billion yuan) is aimed at engineering plastics that have long been imported. China Dongying Lihuayi 50000 Tons/Year Ethylene Propylene Rubber Project (with a total investment of 2.28 billion yuan) fills the gap in ethylene propylene rubber production capacity in Shandong, China, and its products are widely used in the fields of automobile seals and wires and cables.

Comprehensive olefin downstream and carbon four deep processing: the most widely covered project group.

A sea olefin new material science and technology demonstration project in Dongming, Heze, China (with a total investment of 11.58 billion yuan) has built 400000 tons/year FDPE, 400000 tons/year HDPE, 200000 tons/year EVA, 350000 tons/year PP, 20/450000 tons/year PO/SM and other devices, which is the comprehensive project with the widest product variety coverage in this batch. The 1 million-ton/year PO/TBA/MTBE co-production project (with a total investment of 5.39 billion yuan) in Shandong Ruilin, Zibo, China is the largest project in the direction of C4 deep processing. The PO co-production route takes into account both economy and added value of products.

Polyester, PMMA and green new materials: sub-track synchronization.

China Dongying Fuhai 1.5 million Ton Polyester Packaging Material Project (with a total investment of 6.92 billion yuan) will significantly increase the supply of PET bottles and films in East China. The first phase of the 160000-ton high-end optical PMMA project (with a total investment of 1 billion yuan) in Dongying, Shandong, Zhejiang and the United States, China, has been put into production in February 2026 with 80000 tons. The products are aimed at high-end fields such as liquid crystal display, new energy vehicles and LED lighting. China Dongying Shandong Hongfeng Shun Anhydride and Degradable New Materials Green Low Carbon Innovation Demonstration Integration Project (with a total investment of 27.3 billion yuan) combines the production of maleic anhydride with biodegradable materials, which is a representative layout of the integration of green chemical industry and new materials.

Core Judgment for Overseas Practitioners: POE, polyoxymethylene, hexanedinitrile, PMMA, ethylene propylene rubber and other card neck varieties of China's Shandong domestic production capacity concentrated release window for 2027-2030, import dependence will appear a stage of cliff-type decline. The new supply of bulk varieties such as PX, ethylene and polyolefins will systematically suppress the pricing center in the Asian region. The simultaneous improvement of the regional logistics supporting capacity of Dongying Port and Yantai Port in China will be an important guarantee variable for the smooth landing of these projects and the formation of export competitiveness.