[Sinopec Luoyang million tons of ethylene project started] On May 27, 2023, Sinopec Luoyang One Million Ton Ethylene Project and Green Petrochemical Advanced Materials Industrial Base started construction in Luoyang. The project approved a total investment of 27.8 billion yuan, and plans to build 13 sets of main production units, including 1 million tons/year ethylene unit, 150,000 tons/year butadiene extraction unit, 600,000 tons/year pyrolysis gasoline hydrogenation unit, etc. As well as supporting public works and auxiliary facilities, adaptive transformation of oil refining will also be implemented simultaneously. The project is scheduled to be completed and put into operation in December 2025. Edit/Ma Xue

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