PetroChina China Jiangsu Tongzhou Bay Blue Sea New Materials Project Completed Zhongjiao, Domestic POE Production Capacity Will Soon Landing in East China

Recently, Blue Sea New Materials (Tongzhou Bay) high-end polyolefin new materials project successfully handed over, 47 main items, 23 sets of devices completed the project handover. The four core devices of the project adopt PetroChina's independent technology, which is the first industrial landing of the technology, and is a landmark project for PetroChina to transform to new materials and lay out the Yangtze River Delta.

1. Basic Overview of Project

the project is located in china Jiangsu Nantong Tongzhou Bay, the core production capacity includes: 100000 tons/year 1-hexene/1-octene, 200000 tons/year full density polyethylene (FDPE), 100000 tons/year polyolefin elastomer (POE), 2 × 25000 tons/year ethylene propylene rubber, equipped with 2 × 1000 standard cubic meters/hour electrolytic water hydrogen production device and 50000 tons of liquid dock. Products for photovoltaic, high-end equipment, medical, high-end packaging and other high value-added areas.

The project has made outstanding achievements in localization equipment, and key equipment such as 1-hexene/1-octene reactor, FDPE reactor and POE devolatilization extruder have been industrially applied for the first time. The first phase of dynamic and static equipment totaled 3836 sets, with a localization rate of 99.8 for mobile equipment, reducing dependence on overseas equipment procurement and accumulating engineering experience for similar new material projects in China. At present, four sets of main devices have entered the stage of linkage commissioning, and are expected to be ready for production in November 2026.

Interpretation of 2. Supply Chain and Trade Market

east China is the largest domestic high-end polyolefin consumer market, POE, high-end polyethylene long-term supply gap, a large number of brands rely on imports. China Jiangsu Tongzhou Bay Factory after production, relying on the port location, the nearest supporting photovoltaic film, new energy vehicles and other downstream clusters, shorten the supply radius, reduce the logistics costs of downstream enterprises in East China. The supporting liquid terminal of the project can receive and unload liquefied hydrocarbon raw materials. Relying on the raw material resources of PetroChina, the products radiate the domestic and overseas markets, build an integrated port industrial chain, and drive the agglomeration of upstream and downstream enterprises.

For overseas chemical traders, the project will change the domestic POE, high-end alpha-olefin supply pattern, domestic sources will accelerate import substitution. Market participants need to focus on tracking the product brand, quality stability and export schedule after the November input, and docking photovoltaic, automotive rubber and plastic, medical packaging customers in advance. In the long run, with the concentration of domestic POE localization projects and the gradual weakening of the pricing voice of imported products, the distribution market of polyolefins in East China will usher in structural adjustment.