Dongfang Shenghong plans to invest 34.55 billion yuan to build a delayed coking optimization project.

On the evening of April 2, Dongfang Shenghong announced that its second‑tier wholly owned subsidiary Shenghong Refining (Lianyungang) Co., Ltd. plans to invest in the construction ofDelayed coker optimization and upgrade project, by building a new coking feedstock pretreatment unit to produce high‑value‑added petroleum coke, further strengthening integrated refining advantages and enhancing core competitiveness.

The project's total investment is approximatelyRMB 3.455 billionof which construction investment is about RMB 3.329 billion; funding will come from self‑funds and bank loans. The construction period is expected to be 2 years, and the project is currently in the preliminary design stage.

Project core information

· Project name: Shenghong Refining (Lianyungang) Co., Ltd. Delayed coker optimization and upgrade project

· Construction location: Petrochemical base, National East‑Central‑West Regional Cooperation Demonstration Zone, Lianyungang, Jiangsu

· Land area: 28,200 square meters

· Construction scale: New 2 million tonnes/year coking feedstock pretreatment unit, with supporting construction of a control cabinet room, substation, process and thermal pipelines, circulating water facility, and other ancillary facilities

· Investment overview: Total investment RMB 3.45524 billion, construction period 2 years

· Business description: This investment does not involve expansion into new business areas