Sinopec completes building of China’s largest petrochemical industrial base By Investing.com

The bottom’s refining capability exceeds 50 million tonnes per 12 months

NINGBO, China, December 25, 2024 /PRNewswire/ — China Petroleum (OTC:) and chemical firm(HKG: 0386, “Sinopec (OTC:)”) just lately introduced the mechanical completion of the second section of the enlargement and superior supplies undertaking at its Zhenhai Refinery. This milestone units new benchmarks for innovation, sensible manufacturing and vitality effectivity in large-scale tasks. The refinery capability has now been elevated to 40 million tonnes per 12 months, permitting the Zhejiang Ningbo petrochemical industrial base to exceed a complete refining capability of fifty million tonnes per 12 months. This achievement consolidates its place as China largest, most superior and aggressive petrochemical industrial base globally.

Situated within the Yangtze River DeltaA key downstream product consumption heart, Zhejiang Ningbo petrochemical industrial base performs an important position in Sinopec’s worth chain. The second section enlargement and superior supplies undertaking, with a complete funding of 41.6 billion CNYincludes 18 manufacturing models, together with atmospheric distillation, catalytic cracking, polypropylene and propane dehydrogenation models. With a deal with chemical-driven processes, the undertaking creates a number of high-value provide chains.

The ability’s elevated manufacturing capability helps the event of premium polyolefins, superior supplies and specialty chemical compounds. It’s anticipated to produce round 8 million tonnes of petrochemicals per 12 months, considerably rising the general capability of provide chains for industries resembling vehicles, home equipment and textiles within the area. This enlargement is predicted to generate billions of yuan of upstream and downstream industrial worth.

The undertaking has made outstanding progress in technological innovation and sustainability. Highlights embrace:

• Location of 10 core applied sciences, together with the world’s most loaded vertical labyrinth compressor.
• Expanded deployment of sensible applied sciences, enabling simultaneous supply of digital and bodily factories.
• Integration of totally localized industrial working system and self-developed industrial Web platform to enhance decision-making and administration.
• Implementation of complete vitality saving measures, leading to an general discount in vitality consumption of 11.7%.
• Security and high quality have been paramount throughout building, with over 90 million consecutive man hours recorded and a 100% success fee for all models, setting a brand new benchmark within the trade.

Zhenhai RefinerySinopec’s largest built-in refining and chemical firm, has an ethylene manufacturing capability of two.2 million tons per 12 months. It is usually the one firm in China persistently ranked within the high performing group in Solomon’s International Ethylene Efficiency Evaluation.