On December 18, Wuhan officially launched the construction of its 800,000-ton ethylene project in Beihu, Hongshan District. With a total investment of 14.67 billion yuan, this marks the largest industrial project ever funded by the Chinese government in Wuhan since the reform and opening-up era. It is also the only major petrochemical project planned for the central region during the "Eleventh Five-Year Plan" period.
Currently, most domestic ethylene plants are concentrated in the Bohai Bay, Yangtze River Delta, and Pearl River Delta regions. This has created a significant supply-demand gap in the central region. Hubei's petrochemical industry has long been constrained by a lack of ethylene—the "mother of petrochemicals," which has limited its industrial growth. In the late 1970s, Hubei first proposed the ethylene project, and after nearly three decades of planning, the dream is finally becoming a reality.
The project was approved by the National Development and Reform Commission in April this year. It will be built in conjunction with the refining facilities of Sinopec’s Wuhan Branch, focusing on upstream and downstream integration. The project includes eight major production units: 800,000 tons/year of ethylene, 300,000 tons/year of linear low-density polyethylene, 300,000 tons/year of high-density polyethylene, 10/38 tons/year of ethylene oxide/ethylene glycol, 400,000 tons/year of polypropylene, and other supporting facilities such as thermal power stations and docks. Expected to be completed by 2010, the project is anticipated to generate over 20 billion yuan in annual sales and create around 50,000 jobs. Additionally, it is expected to stimulate more than 100 billion yuan in downstream industries, positioning Wuhan as the central region's first large-scale integrated chemical production base.
To support the project, Hubei Province and Wuhan City have developed a master plan for the Wuhan Chemical New City. The plan envisions building a new chemical city covering 89.1 square kilometers in the Beihu and Baijishan areas, bordering Qingshan and Hongshan. A total investment of over 35 billion yuan is expected to be made.
Meanwhile, Wuzhou Petrochemical Co., Ltd. has also started a technical upgrade project to complement the ethylene project. Once completed, the company’s crude oil processing capacity will double from 4 million to 8 million tons per year, ensuring a steady supply of raw materials for the ethylene plant. The project is expected to integrate upstream and downstream companies like Wuhan Petrochemical and Jingmen Petrochemical, forming a large industrial cluster. By the end of the Eleventh Five-Year Plan period, Hubei’s petrochemical industry is projected to achieve sales revenue exceeding 100 billion yuan.
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