On the saline alkali beach by the Bohai Bay, a super refining new city is quietly rising. When the multi million ton refining and one million ton ethylene plants are established here, Fuhai Group reshapes the northern petrochemical landscape with a full industry chain layout. This green revolution of low-carbon reconstruction will inject strong new momentum into China's aromatic hydrocarbon industry.

On September 24, 2026, Fuhai (Dongying) Petrochemical Technology Co., Ltd. released the first public announcement of the environmental impact assessment for the demonstration project of low-carbon reconstruction and comprehensive utilization of aromatic hydrocarbon raw materials.

Introduction to Enterprise Background

Fuhai (Dongying) Petrochemical Technology Co., Ltd. was registered and established in December 2023 with a registered capital of 3 billion yuan. It is fully invested by Fuhai Group New Energy Holdings Co., Ltd. and registered in Dongying Port Economic Development Zone, Shandong Province. The parent company, Fuhai Holdings, is a large energy and chemical group with business covering petrochemicals, new chemical materials, clean energy, logistics, and terminal retail. It has two major production bases and a crude oil processing capacity of 10 million tons per year. It is the main enterprise in the aromatic hydrocarbon industry chain in Shandong Province. By 2025, Fuhai Holdings will have total assets of 36.261 billion yuan and revenue of 101.226 billion yuan, ranking among the top 500 Chinese enterprises for ten consecutive years. Keywords: Fuhai Petrochemical, Petrochemical, Low Carbon, New Materials

Project scale and progress

The total investment of the project is about 75.2 billion yuan, covering an area of 9000 acres. It will build 42 sets of refining units and supporting public and auxiliary facilities, including 10 million tons/year refining, 1 million tons/year ethylene, and 1 million tons/year PX. After the completion of the project, it can produce 4.5017 million tons of PX raw materials, 2.29 million tons of high value-added chemicals, 1.4208 million tons of high-end polyolefin new materials, and 2 million tons of finished oil annually. This project has been included in the list of major petrochemical projects to be implemented nationwide, and is currently undergoing approval work. The preparatory work for the early stages of construction is steadily progressing.Editor/Gong Ziwei