The total investment is 34.56 billion yuan! China's Tangshan Caofeidian Fuhai Million Tons of Olefin Project Second EIA Publicity, Device Streamlining to New Material Track

1. Project Basic Parameters and EIA Node

the Caofeidian District Government of Tangshan, China issued the second EIA announcement of the Fuhai Tangshan Petrochemical Methanol Naphtha Coupling Olefin Project. The announcement period is from October 30 to November 12, 2026, for a total of 10 working days. The project is located in Caofeidian Petrochemical Base in Tangshan, Hebei Province, China, with a total investment of about 34.56 billion yuan and a total ethylene production capacity of 1 million tons/year, using methanol naphtha coupling cracking light hydrocarbon cracking process route. The production capacity is divided into two production lines: the coupling cracking route produces 350000 tons of ethylene per year, and the light hydrocarbon cracking route produces 650000 tons of ethylene per year. The new version of the plan retains 12 sets of downstream units, covering methanol naphtha coupling cracking, butadiene, MTBE/butene -1, pyrolysis gasoline hydrogenation, aromatic extraction, EVA, FDPE, α-olefin, POE, PP, 1,3 propanediol, PTT.

2. product structure adjustment and track layout interpretation

compared with the July 2025 version of the 17 sets of device program, this time the deletion of VCM, PVC, EVOH, CHPPO, polyether polyol device, the initiative to withdraw from the competition saturated chlor-alkali, general polyether category, production capacity resources to the shortage of new materials tilt. Project supporting 50000 tons/year alpha-olefin plant, the raw material long-term dependence on overseas imports, self-produced supporting can significantly enhance the POE cost advantage, while the layout of 1,3 propylene glycol PTT combination, cut into the special polyester track, in line with China's new materials domestic replacement main line. The list of optimized devices in the EIA phase reflects the strategic trade-offs of private refining enterprises to abandon low gross profit and focus on high value-added products.

3. Technology Advantage and Regional Supply Chain Impact

the project adopts the methanol naphtha coupling cracking technology of Liu Zhongmin academician team of Dalian Institute of Chemical Sciences, Chinese Academy of Sciences, and the evaluation of the results will be completed by the end of 2024. The process couples methanol exothermic reaction with naphtha cracking endothermic reaction in situ, reduces comprehensive energy consumption, improves olefin yield, flexible raw material allocation, increases methanol blending ratio in the upward stage of oil price, hedges raw material price risk, and protects the profitability of new material devices. This is the core project of Fuhai Group's expansion from Shandong, China, which can form location and product complementarity with the original production base in Shandong, China. The landing of the project will complement the short board of ethylene production capacity in Hebei, China, and is also the core support for Caofeidian Petrochemical Base to reach the 2030 4 million-ton ethylene plan. As one of China's seven major petrochemical bases, Caofeidian's previous large-scale ethylene project supply is insufficient, the progress of this project will directly determine the pace of base capacity release. This streamlining device is not to compress the scale, but the head of private refining centralized resources layout of high-end new materials, will change the long-term China North China olefins and new materials trade and supply chain pattern.