Bet all your money! Can Yulong Island Petrochemical Project become a springboard for Nanshan Group's counterattack?

Nanshan Group is an established enterprise in Shandong Province with strong strength. In his early years, he was a leader of private enterprises in Shandong Province, and he was involved in many fields. Among them, nanshan aluminum is the largest sector of Nanshan Group, and Nanshan College and Nanshan Giant Buddha Scenic Area, which are well-known at home and abroad, have earned Nanshan Group a good reputation.

In recent years, with the rise of Wei Qiao Venture Group, Xinfa Group, dongming petrochemical, Rizhao Steel and other enterprises, the glory of Nanshan Group has gradually faded. Now, Song Jianbo, the new head of Nanshan Group, leads Nanshan Group to invest hundreds of billions of dollars to build Yulong Island petrochemical integration project.

Shandong Yulong Petrochemical Industrial Park in Longkou City, Shandong Province is located in Yulong Island in the west of Longkou City, with a tentative starting area of 35.23 square kilometers. The island filling project started construction at the end of 20 10. Yulong Island Refining and Chemical Integration Project (Phase I) is located on 2# Island and 3# Island, and the proposed site is an artificial island on land formed by reclamation. Yulong Island Refining and Chemical Integration Project (Phase I) plans to build a crude oil processing capacity of 20 million tons/year and an ethylene plant of 265,438+500,000 tons/year. The total investment is 654.38+027.4 billion, and the construction period is 24 months. The project officially started at the end of 2020 10.

As a large-scale petrochemical project promoted by the Shandong provincial government, the striking Shandong Yulong Petrochemical Co., Ltd. (referred to as "Yulong Petrochemical") completed its registration on June 28, 20 19. As for shareholders, Longkou local giant Nanshan Group holds 7 1%, China Chemical Industry Group Co., Ltd. holds 20%, and Shandong Development Investment Holding Group, a provincial state-owned enterprise, holds 9%.

The total assets and operating income of Nanshan Group are100 billion. Compared with the other two shareholders, Nanshan Group is the weakest, but Nanshan is a local pillar enterprise with advantages that Wanhua and Shantou do not have in many aspects.

Shandong Development Investment Holding Group is a key investment enterprise in Shandong Province, holding "surplus grain" in Shandong Province, and it is the big housekeeper of 100 million children in Shandong Province. Another shareholder, Wanhua Industry, is a large state-owned key enterprise controlled by Yantai SASAC. Its main listed company, Wanhua Chemical, has made a net profit of over 10 billion for four consecutive years, and achieved an impressive net profit of 6.749 billion in the first quarter of this year! With a market value of more than 340 billion yuan, it has the reputation of "chemical leader" in the capital market, and its strength is no less than that of central enterprises. It is the darling of Yantai Municipal Government.

In May this year, Yulong Petrochemical Co., Ltd., chairman of Nanshan Holdings and minority shareholder of Nanshan Group, met with Shan Energy. The main topic was Yulong Island Petrochemical Integration Project.

Shandong Province is the largest oil refining province in China, with local oil refining capacity of1.300 million tons/year, accounting for 70% of the total national oil refining capacity and 1.7% of the national oil refining capacity. However, the production capacity is scattered, and the refining capacity of most enterprises is below 3 million tons. This time, with the help of this high-end refining and chemical project, Shandong will integrate small refineries, highlight its productivity advantages, and seize the key seats in China's "7+ 1" petrochemical base.

As early as 20 18, Shandong province issued a document saying: strive to integrate and transfer the refining capacity of local refining enterprises located in densely populated urban areas with a refining capacity of 3 million tons or less by 2022; By 2025, the refining capacity of oil refining enterprises with 5 million tons or less will be gradually integrated and transferred, and the crude oil processing capacity of the province's refining industry will be reduced from the current 654.38+300 million tons/year to about 90 million tons/year. The regional concentration of the refining industry will be further improved, and the integration and scale of the refining industry will be significantly improved, and large enterprise groups with international competitiveness and world-class industrial bases for fine chemicals, green chemicals and new chemical materials will be cultivated.

All parties will jointly set up a 20 billion yuan Yulong Island Refining and Chemical Integration Project Construction Fund, which is mainly used to purchase refinery capacity indicators. Among them, the government guided the fund to subscribe for 2 billion yuan, and enterprises and other social capital contributed 654.38+0.6 billion yuan. Integrate the production capacity of Shandong Jinshi Asphalt, Dongying Kelida, Fuyu Chemical, Haike Chemical, Binzhou Zhonghai Fine Chemical, Chengda New Energy, Binyang Fuel Chemical, Zibo Xintai Petrochemical and Dezhou Hengyuan Petrochemical. A total of 25 million tons of production capacity has been integrated and replaced with 1: 1.25, which is exactly the planned 20 million tons of production capacity of Yulong Island Petrochemical Integration Project.

It is not difficult to see that Nanshan Group obviously cannot swallow the Yulong Island petrochemical integration project alone. It is estimated that 7 1% of the shares have been bet on the whole wealth, otherwise it would not be running around looking for cooperation. It remains to be seen whether Nanshan Group, which has been silent for many years, can take this opportunity to achieve a counterattack and once again become a pivotal head enterprise in Shandong Province.