Taizhou’s large petrochemical project has been approved in principle by the National Development and Reform Commission, or it will become the largest industrial project in Zhejiang since the founding of the People’s Republic of China and the largest foreign investment in China. It is understood that the project has a total investment of 80 billion yuan, PetroChina holds 51%, Shell and Qatar Petroleum International respectively hold 24.5%, and the oil source comes from Qatar. Including 20 million tons/year oil refining, 1.2 million tons/year ethylene and 300,000 tons crude oil wharf and other projects, after completion, it is expected to achieve an annual sales income of 100 billion yuan, and an additional 300 billion yuan in downstream industries and related supporting industries. Sales revenue.
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