Luoyang Refining and Chemicals shuts down; Henan Refining and Chemicals begins operations officially
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Henan Refining & Chemical Company officially commenced operations. On the morning of January 1, 2025, an inauguration ceremony was held for Sinopec (Henan) Refining & Chemical Co., Ltd. (hereinafter referred to as Henan Refining & Chemical Company). This event represented an important milestone in the reform process, signaling that the company had officially started full-scale operations. In accordance with the unified arrangements of Sinopec, Luoyang Petrochemical began the \"separation of units\" process in the first half of 2023. On June 24, 2024, Henan Refining & Chemical Company was established, completing the registration process for a wholly-owned subsidiary of Sinopec Corporation. Starting from January 1, 2025, Henan Refining & Chemical Company will begin operations officially, while the Luoyang branch of Sinopec will cease operations at the same time. In the first half of 2026, Henan Shenma Guoxing Industrial Investment Co., Ltd. will inject capital into Henan Refining and Chemical Company. Upon completion of the capital injection, Henan Refining & Chemical Company will change from a wholly-owned subsidiary of Sinopec Corporation to a subsidiary under the absolute control of Sinopec Corporation. As it embarks on a new journey, Henan Refining & Chemical Company will pursue the development of its industrial chain in terms of higher sophistication, intelligence, and sustainability. It will vigorously implement development strategies based on innovation-driven approaches, value orientation, green and intelligent practices, and the development of skilled talent. The company will push forward with the construction of ethylene production facilities capable of handling millions of tons per year, thereby creating an industrial structure that includes both jet fuel production and storage bases as well as metallocene polyolefin production facilities. Its goal is to build a major high-end petrochemical industry hub in the central and western regions, one with a complete industrial chain and strong competitive capabilities.
What is the relationship between Henan Refining & Chemicals and Henan Petroleum?
Since its establishment in 1965, it has gone through various names: Hongqi Refinery – Jiyuan Refinery (1976) – Henan Refinery (1977) – Luoyang Refinery (1984) – Luoyang Petrochemical Complex (1992) – Luoyang Petrochemical Branch (2000) – Henan Petrochemical (2025). Confucius said: If the name is not proper, then the words spoken will not be coherent. The naming of a large enterprise must be the result of thorough consideration at various levels. Wish Henan Refining and Chemicals steady progress and long-term success!
To date, Henan Refining & Chemical Company has a comprehensive refining capacity of 10 million tons per year. It operates 39 sets of refining, chemical, and fiber production facilities, and its main products include more than 30 types and over 50 grades such as gasoline, diesel, aviation kerosene, paraxylene (PX), purified terephthalic acid (PTA), polyester staple fibers, and polypropylene resin.
Has Henan Refining & Chemicals only integrated Luoyang Petrochemical? Has Hunan Petrochemical integrated Changling Refining & Chemicals and Baling Petrochemical?
Are there any other refining and chemical enterprises in Luoyang? ? ? ?