On May 8, the evaluation meeting for the feasibility study report of the relocate-out-of-the-city-into-the-park relocation and expansion project of Wuxi PetroChina Grease Co., Ltd. was held in Wuxi. A total of 46 people attended the meeting, including relevant departments of the planning department of the joint stock company, Gong Weijun, Deputy General Manager of the Lubricant Company, and heads of relevant departments, as well as experts from related fields.
The attending leaders and experts heard a report on the project feasibility study from Wuxi Henghe Engineering Consulting and Design Co., Ltd. and an introduction to the situation by the project construction unit, Wuxi PetroChina Grease Co., Ltd., and conducted earnest review and discussion on the necessity of the project, construction content, investment estimates and technical and economic evaluation, forming the expert group's review opinions.
The attending experts unanimously agreed that the project conforms to national industrial policy, meets the requirements of Wuxi's industrial adjustment and urban construction master plan, and conforms to PetroChina's strategic goals, and that it is an opportunity for the grease company to expand capacity, improve competitiveness and develop rapidly. The construction of this project is a concrete action by a PetroChina-affiliated enterprise to support the local government in implementing a sustainable development strategy and also a need for the enterprise to shoulder corresponding social responsibilities. The project's feasibility study report basically meets the requirements of PetroChina Company Limited for preparing feasibility study reports for refining and chemical construction projects and is approved in principle.
The project site is in the new materials industrial park of the Wuxi Economic Development Zone, adjacent to the Xibei Canal, covering 115 mu. The project involves investment of 150.7195 million yuan, and after the expansion is completed, phase-one capacity will reach 60,000 tons. The construction of this project is of great significance to the development of PetroChina's grease business.


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