The 16 million tons per year Shenghong refining and chemical integration project will commence comprehensive periodic shutdown for maintenance at the end of June

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On June 21, Dongfang Shenghong issued an official announcement stating that the company’s 16 million tons per year Shenghong refining and chemical integration project would begin a comprehensive periodic shutdown for maintenance at the end of June. The net maintenance period for this overhaul is estimated to be 45 days, and the specific date on which the plant will resume operations will be announced separately based on the actual progress of startup. This major overhaul covers a wide range of facilities; the main refining and chemical processing units, as well as key upstream and downstream units such as PX, ethylene, and ethylene glycol, are all shut down for maintenance simultaneously. This maintenance activity is part of the regular routine upkeep of the facility. Since the entire production process of this petrochemical complex was put into operation at the end of 2022, it has been operating continuously for nearly 4 years now, which meets the requirements for safe operation and regular maintenance of large-scale petrochemical facilities. In terms of market impact, Shenghong Refining & Chemicals ranks among the top domestic refining and chemical complexes. This comprehensive overhaul will lead to a reduced supply of key basic chemical raw materials, resulting in a temporary shortage of such products as PX, ethylene, and ethylene glycol in the domestic market. This situation is likely to support the prices of raw materials in China’s refining and chemical industry in the short term.