Jiangsu Sailboat Petrochemical Co., Ltd.is mainly responsible for construction and operation ofmethanol polygeneration project. This process uses methanol as raw material to achieveproduction of ethylene and propylene by methanol to olefins (MTO) process  then achieve the production of downstreamderivatives, including ethylene vinyl acetate copolymer (EVA), ethylene oxide(EO) and its derivatives, acrylonitrile (AN), methyl methacrylate (MMA), highwater absorbent resin (SAP) etc.

This is a leadingproject for Shenghong Holding Group to develop petrochemical industry and toimprove industrial chain of main business, which is in line with nationalindustrial policy, < the petrochemical industry twelfth five-yeardevelopment program>, and <Jiangsu coastal areas developmentplanning>. Moreover, it is a key project to implement Jiangsu coastal areasdevelopment strategy, undertake industrial transfer of South Jiangsu andpromote regional economic development. The project was started in October 2013.At present, some units have been put into production, and the surplus equipmentis now in the stage of trial production.