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In September last year, the National Development and Reform Commission approved the approval of Zhenhai Refining and Chemical Co., Ltd. to build a one-million-ton large-scale ethylene project, and requested that in the next step, the company should adopt the principle of “advanced, reliable, economical, and applicable†to adopt domestic technology and equipment. At the same time, further optimize the product plan, properly increase the economic scale of ethylene construction, and provide some basic chemical raw materials to coordinate the local economic development.
According to this approval, Zhenhai Refining & Chemical made further adjustments and optimizations to the original plan, according to 'new ideas, new technologies, new systems, new mechanisms', 'low input, high output, high returns' and 'world-class, high-tech' , integration of the principle of construction, investment and construction of 1 million tons of ethylene project. At present, the company has a crude oil processing capacity of 20 million tons / year, comprehensive processing capacity of 18 million tons / year, has become China's largest sulfur crude oil processing base and one of the oil export base.
It is understood that Zhejiang Province, as an important province for the manufacture of chemical fiber, plastics and fine chemicals, has not had an ethylene production enterprise for a long time. A large number of raw materials of polyethylene, polypropylene, and polyvinyl chloride are relied on imports or supply from other provinces. Ethylene is The contradiction in the total shortage of basic petrochemical raw materials represented is very prominent. In 2004, PTA and ethylene glycol imported from Ningbo Zhenhai Port were 1.5 million tons and 974,700 tons respectively, an increase of 50% and 64.96% over the same period of the previous year. The construction of a 1 million-ton ethylene project will not only fill the gaps in the ethylene project of Zhejiang's petrochemical industry, but also have a major boost to Zhejiang's economy. It will also have a significant impact on Sinopec's ethylene production pattern and can promote Sinopec's industrial restructuring and development. Upgrade and Zhenhai Refining really set a new path for the development of oil integration.
(Reporter Wang Yihong) On May 10th, Zhejiang Zhenhai Refining & Chemicals' ethylene project of 1 million tons passed an expert assessment organized by China International Engineering Consulting Corporation and is expected to start construction at the end of this year. The Dawei Ethylene Project will construct 11 sets of production equipment with a total investment of 21.7 billion yuan. Its downstream products mainly include ethylene glycol, polyethylene, polypropylene, ethylene oxide, propylene oxide and propylene glycol. The main products can be found in Zhejiang. The provinces and the Yangtze River Delta are digested within the market.