Dingjide's high-end new materials project commences in Dalian Changxing Island

On March 18, the high-end petrochemical new materials project by Liaoning Dingjide Petrochemical Co Ltd, with an investment exceeding 12 billion yuan, commenced construction at the Xizhong Island Petrochemical Industrial Base in Dalian Changxing Island Economic and Technological Development Zone.

This project will further drive the development of a green petrochemical industrial cluster on Changxing Island.

Liaoning Dingjide Petrochemical Co Ltd is a national high-tech enterprise engaged in the research and development, production, and sale of polyolefin catalysts and additives. It is a major supplier of polyolefin catalysts and chemical additives products in Asia.

In September 2023, Liaoning Dingjide Petrochemical Co Ltd signed an investment agreement to establish Liaoning Dingjide Petrochemical Technology Co Ltd. This new venture will invest in a petrochemical new materials project on Changxing Island.

Additionally, in partnership with Xizhong Island Development Group, they co-founded Dalian Dingxin Warehousing Co Ltd to develop a low-temperature tank area project on Xizhong Island. The total investment exceeds 12 billion yuan ($1.65 billion), and the project covers approximately 1.13 million square meters.

Upon completion, its high-end product POE will fill the domestic gap in this field and replace 50 percent of imported POE products in China, supporting the province's goal of building a trillion-yuan petrochemical industrial base.

In the first quarter of this year, the Dalian Changxing Island Economic and Technological Development Zone planned to initiate and resume 122 projects, with a total investment of 118.2 billion yuan and an annual planned investment of 14.33 billion yuan.

Major projects include the Dingjide high-end petrochemical new materials project, the high-refractive optical materials and high-end functional materials cyclic polyolefin project, and the Zhongzhi "cobalt-manganese-bromine" ternary catalyst and fine chemicals project.

The high-refractive optical materials and high-end functional materials cyclic polyolefin project alone has a total investment of 690 million yuan. Once completed, it will meet the domestic demand for high-quality sulfur-containing compounds.

The Zhongzhi "cobalt-manganese-bromine" ternary catalyst and fine chemicals project has a total investment of 312 million yuan and aims to establish an integrated closed-loop industrial chain from waste catalysts to carrier catalysts.