Bohai Chemical to build light hydrocarbon comprehensive utilization project

On May 5, Bohai Chemical Co., Ltd. issued an announcement on the signing of a framework agreement on investment cooperation by wholly-owned subsidiaries.

According to the announcement, Tianjin Bohai Petrochemical Co., Ltd., a wholly-owned subsidiary of Tianjin Bohai Chemical Co., Ltd., signed a "Investment Cooperation Framework Agreement" with the Management Committee of Tianjin Economic and Technological Development Zone. to invest in the construction of the Bohua Light Hydrocarbon Comprehensive Utilization Project in Tianjin Economic Development Area. The total investment is expected to be about 10 billion yuan.

Bohai Petrochemical has been focusing on propane-to-propylene business, and its products are mainly sold to Shandong province. 

Downstream customers cover polypropylene, butyl octanol, propylene oxide, phenolacetone, acrylic acid and other industries.