Oil → Olefins → High-performance Polypropylene! Xintai Petrochemical achieves integration of refining and chemical production

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At present, China still lacks advanced technologies in key areas such as the production of new high-end chemical products and new materials; therefore, the transformation of oil refining industries into chemical industries, and of fuel-based companies into integrated refining and chemical enterprises, has become inevitable. Zibo Xintai Petrochemical Co., Ltd. focuses on integrated refining and chemical production, aiming to accelerate the development of new and large-scale projects. By continuously extending, enhancing, and strengthening relevant industrial chains, the company has successfully achieved transformation and upgrading in its integrated refining and chemical production operations, moving forward toward high-quality development. On May 26, the alkanes comprehensive utilization project of Xintai Petrochemical was officially launched. It is the only chemical project in Zibo City with an investment of over 10 billion yuan in 2021, and it represents another major project for Xintai Petrochemical’s transformation and development towards high-end chemicals; it is also an important element in improving the efficiency of the entire industrial chain. The planning and construction of this project will help Xintai Petrochemical to establish a industrial chain that connects oil to olefins, and olefins to high-quality polypropylene, as part of its \"third round of entrepreneurship\". It will also facilitate the coordinated development of the four high-value industry clusters focused on special oils, aromatics, carbon tiers, and hydrogen energy. By then, Xintai Petrochemical will become the largest carbon triplets production and deep processing base in Shandong Province. It is understood that Xintai Petrochemical has entered into a strategic partnership with the Planning Institute for the Petroleum and Chemical Industry. It has entrusted this institute, along with the China Industrial Environmental Protection Promotion Association, to form a joint expert team. Based on Xintai Petrochemical’s existing industrial chain and product structure, this team will implement targeted measures to develop a high-end chemical industry chain tailored to the company’s needs, thereby using a scientific approach to help Xintai Petrochemical achieve both improvement and expansion in its operations. Xintai Petrochemical regards the optimization and iteration of its product structure as the main driving force for the enterprise’s transformation and upgrading. Upgrade existing facilities to drive the improvement of the industrial and product structure as well as foster iterative innovation ； Lead the expansion of output through high-end chemicals to achieve a high proportion of chemical products ； By taking the lead in launching multiple high-end chemical projects, it achieves a transformation and upgrade of the driving forces from quantity to quality, and from form to momentum. At present, Xintai Petrochemical has been recognized by the expert panel of the China Petroleum and Chemical Industry Federation for its successful transformation toward integrated refining and chemical production; it has shifted from a fuel-based enterprise to one that produces chemical raw materials and specialty oils, achieving integration between oil refining and chemical manufacturing. Accelerating the advancement of the industry and developing new chemical materials are important ways to achieve transformation and upgrading. Xintai Petrochemical actively utilizes new equipment, new processes, and new technologies to restructure its production and operation processes from start to finish. It also expands its operations across the country, striving to accelerate innovation and breakthroughs in new materials and new technologies. After the company’s transformation, the proportion of chemical products can increase to 84.3%. It is reported that Xintai Petrochemical has adopted a development strategy focused on shifting from oil-based operations to chemical-based ones, as well as a differentiated integrated refining and chemical production model aimed at advancing both process technologies and product quality. Leveraging its advantages in upstream raw materials, the company is working to build, extend, strengthen, and optimize its industrial chains. Today, the company has grown into a corporate group whose business scope covers petrochemicals, new chemical materials, logistics, trade, thermal power, and environmental protection, and which has been ranked among the top 100 private petrochemical enterprises in China for many consecutive years.