Weihua Group achieves excellent results in production and operations in the first quarter, with “high output”, “full capacity utilization” and “cost reduction”

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Weihua Group achieves excellent results in production and operations in the first quarter: \"high\", \"full\", and \"reduced\" performance. Author/Source: Weihua Group Date: 2022-04-19 Clicks: 16. Focusing on the goal of \"stabilizing growth\" and emphasizing \"energy conservation, carbon reduction, water saving, and emission reduction for synergistic benefits\", Weihua Group took proactive actions to seize favorable market opportunities. As a result, its production and operation activities showed characteristics of \"high\" performance, \"full capacity utilization\", and \"reduced emissions\". High revenue and profits: In 2022, WeiHua Company kept a close eye on market prices for its products and managed its sales pace carefully. As a result, its operating revenue increased by 104.55% on a year-on-year basis, while profits rose by 47.29%, both reaching record highs. The company successfully met the goals set for stabilizing growth in the first quarter. Full production operation: Long-duration, high-load, continuous and stable operation is a prerequisite for chemical enterprises to achieve profitability. In the first quarter, the company continued to strengthen meticulous management and fully tapped the operational potential of its facilities. The average load rate of the urea plant reached 104.3%, a year-on-year increase of 2.05% ； The average load factor of the methanol plant was 109.48%, an increase of 1.75% on a year-on-year basis ； The average load rate of the ethylene glycol plants was 103.96%, with a maximum of 111%; all four production units operated stably at high loads. Urea production increased by 19.6% on a year-on-year basis. Although the second-phase methanol plant was shut down for 19 days due to the impacts of the \"dual carbon\" policies, the total output from both methanol plants met 32.76% of the annual target, thus successfully achieving the quarterly objectives ； Since resuming production on January 25, Binzhou Company has operated at high capacity steadily, producing 63,300 tons of ethylene glycol – accounting for 25.32% of the annual target – and thus successfully meeting the quarterly objectives. To reduce energy consumption and carbon emissions in order to achieve the ambitious goals of reaching carbon peak levels and achieving carbon neutrality, starting in the second half of 2021, the central government and local authorities introduced a series of strict policies related to these objectives. The company actively responded to these policy requirements, fulfilled its responsibilities as a state-owned enterprise, and set the theme for its operations in 2022 as \"coordinated efforts to save energy, reduce carbon emissions, conserve water, and cut emissions while enhancing efficiency.\" Relevant action plans were formulated, and all tasks associated with this theme year were pursued diligently. In the first quarter, the coal consumption at the headquarters decreased by 33,000 tons, a decline of 5.1%, while the total output of urea and methanol increased by 17,200 tons compared to the same period last year ； The coal consumption per ton of ammonia produced from methanol and synthetic ammonia in the company is 2.003 tons per ton, which is 0.119 tons per ton less than the same period last year, representing a decrease of 5.6% ； In February, 2.926 tons of coal were consumed per ton of ethylene glycol, the best figure since the project’s commissioning. The energy consumption of the company’s three main products was all below the levels observed during the same period.