The project is a pivotal project of SINOPEC in the 11th five-year-plan period and the most important project in Hubei province.
The project, including 11 greenfield major production units with public utilities and supporting facilities, was built in three years with an total investment of 16.563 billion yuan.
Filling in the gap of large-scale ethylene projects in central China, the project plays an important role in boosting central China's economy, achieving balanced development among different regions, upgrading SINOPEC' industrial structure and enahncing the overall capacity of petrochemical industry.
The project will produce 2.3 million tonnes of over 20 kinds of products every year, help to drive the growth of downstream business worth hundreds of billions of yuan, and create over 100,000 new jobs.
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