Thread Content
Recently, the official WeChat account of Sinopec Refining & Chemicals announced that in 2022, the company made full use of its integrated refining and chemical processing capabilities, optimized its production processes, placed strong emphasis on safe and environmentally sustainable operations, and strived to improve its management standards. Throughout the year, it processed 14.5522 million tons of crude oil and feedstock, produced 834,600 tons of ethylene, achieved an industrial output value of 100.441 billion yuan, and paid 34.791 billion yuan in taxes, thus becoming the first enterprise in Zhanjiang City to reach an annual output value of over 100 billion yuan. Throughout the year, Sinopec Refining & Chemicals leveraged its integrated refining and chemical processing capabilities to focus on optimizing production operations. Adhere to the optimized approach of blending light and heavy crude oil resources in the production process, and minimize procurement costs by optimizing pricing and inventory management as well as adjusting the procurement structure. Throughout the year, 446,000 tons of low-quality crude oil were processed, and 5 new types of oil were acquired for processing, marking a breakthrough attempt to derive benefits from lower-quality crude oil. In addition, the 800,000-ton/year steam cracking unit at Sinopec Refining & Chemicals produced 830,000 tons of ethylene, meeting the annual production target and setting a new record for annual output since the unit began operations. The purity of the ethylene product reaches 99.98%, and the hydrogen recovery rate is 94.5%, resulting in the best possible economic benefits. The cracking unit at Sinopec Refining & Chemical uses the CBL cracking technology independently developed by Sinopec, offering high flexibility in terms of feedstocks and enabling the cracking of complex feedstocks, thus allowing processing of both gaseous and liquid products. All pyrolysis furnaces feature a dual-chamber design, allowing two chambers to separately pyrolyze different feedstocks simultaneously, providing flexible operation. To further enhance efficiency by tapping into potential, Sinochem Refining & Chemicals has adopted a technology that allows ethylene to be delivered directly to downstream processes. The compression units use five-stage ethylene refrigeration compressors, and through direct transfer of materials between production units, medium-pressure and high-pressure ethylene can be sent directly to downstream applications in a \"one-to-one\" manner. At the same time, staying closely aligned with market conditions, it regulates the volume of crude oil processing appropriately, continues to increase efforts in converting oil into other products, optimizing the product structure of refining facilities, and implements measures such as reducing steam use, controlling diesel production, and increasing the production of chemical raw materials. Throughout the year, the production of naphtha increased by more than 2% on a year-on-year basis, effectively reducing the costs of chemical raw materials; the cost per ton of ethylene raw material ranked second among Sinopec’s subsidiaries. Seizing the opportunity of strong demand for domestic foaming materials and photovoltaic film materials, every effort was made to maintain the stable operation of the EVA production facilities, resulting in the production of 78,400 tons of EVA products throughout the year. Focusing on the high-end resin market and working to optimize the structure of polyolefin products, 17 new products with market potential were developed throughout the year, aiming to expand sales through the introduction of differentiated and distinctive products. Actively carry out pilot projects for the innovative application of new technologies such as 5G and artificial intelligence to drive the company’s digital transformation, and become a **Model Factory for Intelligent Manufacturing in Clean Energy Refining in 2022**. The Sinochem Integrated Refining and Chemical Project is a landmark refining and chemical complex built by Sinopec in the new era. It serves as a key element in the development of the \"Belt and Road\" initiative as well as in the strategy for the energy and chemical industry. It is also a major project for Guangdong Province to establish a new regional development pattern of \"one core, one belt, and one area\" and to create a modern coastal economic zone. The project is located on Donghai Island in Zhanjiang. Construction began in January 2018, and it was fully completed by CCCC in December 2019; it came online officially in June 2020. It represents a landmark petrochemical project built by Sinopec in the new era, and it also serves as an important pillar for China’s Belt and Road Initiative as well as its strategies for development in the energy and chemical sectors. The total investment in this project is 44 billion yuan, covering 18 refining units such as those with a capacity of 10 million tons per year for atmospheric and vacuum distillation, 10 chemical processing units with a capacity of 800,000 tons per year for steam cracking, a coal-to-hydrogen plant with a capacity of 180,000 standard cubic meters per hour, as well as utility facilities and supporting systems including storage and transportation infrastructure, sewage treatment plants, docks, dedicated railway lines, and pipelines for refined oil and natural gas. The main products produced are diesel and gasoline meeting National VI standards, aviation kerosene, and high-end chemical products.