A project for the combined production of 5 million tons per year of heavy oil and coal will be established in Kuche

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This post was last edited by liaifeng on 2018-7-27 at 17:09. Report from Aksu (Reporter Ren Hongfang, Correspondent Wang Jiwei, Reporter Luo Xiao): Beijing Zhongke Chengyi Technology Development Co., Ltd. plans to invest 18.1 billion yuan in building a technological innovation demonstration project for the combined processing of heavy oil and coal in the Kuqa Economic and Technological Development Zone. This project will process 2.1 million tons of vacuum residue and 2.5 million tons of coal powder per year, enabling the production of over 3 million tons of gasoline, diesel, and chemical products annually. On May 8, a delegation from the company visited the area to discuss the progress of the project and held talks with local leaders on related matters. 　　At the symposium, Beijing Zhongke Chengyi Technology Development Co., Ltd. introduced the technology and processes for co-processing oil and coal, as well as the market prospects and benefits that will arise upon completion of the project. 　　After listening to the presentation on the project, Liu Hongjun, a member of the regional Party committee and executive deputy commissioner of the administrative office, said that from a planning perspective, the project makes efficient use of the region’s high-quality oil and coal resources to extend the industrial chain. It can promote the development of the region’s textile and clothing industry, effectively reduce enterprise production costs, and enhance their competitiveness in the market as well as their ability to cope with risks – all of which aligns with the region’s development needs. It also requires relevant departments in the region to strengthen cooperation among them to facilitate the approval of projects. 　　Li Su’an, the general manager of the company, said that Beijing Zhongke Chengyi Technology Development Co., Ltd. will strengthen cooperation with relevant local departments, build mutual trust, advance collaboration in all aspects of the project, and accelerate its implementation in order to provide technological support to Xinjiang. The goal is to help develop projects that have the ability to generate income locally, thereby transforming Aksu’s resource advantages into industrial and economic advantages. 　　The project is planned to be jointly developed by Sinopec Tahe Refining & Chemical, Huajin Fertilizer, Xinjiang Zhongtai Chemical, and Beijing Zhongke Chengyi. Beijing Zhongke Chengyi will primarily provide co-refining technology, contributing through technical investment as well as partial financial investment. 　　According to Beijing Zhongke Chengyi Technology Development Co., Ltd., the feedstocks for oil-coal co-refining technology are diverse; all types of crude oil (heavy oil), coal tar, oil sands oil, and shale oil can be used in this process. It enables the refining of crude oil, the production of oil from coal, and the synthesis of aromatic compounds from coal, thereby facilitating the graded and optimized use of coal. This technology offers significant advantages in terms of economic benefits, product structure, oil quality, as well as safety and environmental protection. In the blended feedstock, the ratio of crude oil to coal is 1:1, and the yield of refined oil plus aromatics is around 70%, which is similar to that of crude oil refining. The co-refining process can significantly increase the yield of refined products (aromatics) from crude oil and coal. 　　Compared to crude oil processing, co-processing technology uses coal to replace half of the crude oil; it is particularly capable of processing heavy oils (low-quality oils) and low-rank coal with high yields. The overall yield of refined products and aromatics is comparable to that obtained from crude oil refining, while raw material costs are significantly reduced, thereby enabling a substantial improvement in the economic efficiency of refining companies. 　　Tang Shichun, a member of the Regional Party Committee and deputy head of the administrative office, along with heads of relevant departments in the region, attended the discussion. http://www.aks.gov.cn/art/2017/5/10/art_4_134707.html#0-tsina-1-17072-397232819ff9a47a7b7e80a40613cfe1