Guangdong will build a world-class large-scale refining and chemical complex
Thread Content
On December 11, 2009, Huang Huahua, Governor of Guangdong Province, presided over an executive meeting of the province to review and approve in principle the plan for the adjustment and revitalization of Guangdong’s petrochemical industry. According to the plan, Guangdong Province will build a world-class large-scale refining and chemical complex. The meeting held that the petrochemical industry is one of the three emerging key industries in Guangdong Province; it features a long industrial chain, strong driving force, and wide-ranging impacts, and plays an important role in promoting the upgrading of related industries and driving economic growth. Formulating and implementing plans for the adjustment and revitalization of the petrochemical industry is of great significance for maintaining the stable development of the province’s petrochemical sector at present, as well as for seizing opportunities to expand and strengthen it. The meeting emphasized that to accelerate the adjustment and revitalization of the province’s petrochemical industry, it is necessary to be market-oriented, take structural adjustment and industrial upgrading as the main focus, develop petrochemical integration projects led by oil refining and ethylene production in a moderate manner, and speed up the development of the mid- and downstream sectors of the petrochemical industry, especially the fine chemicals sector. Accelerate the development of the petrochemical industry in a direction that emphasizes park-based operations, larger scale, and greater efficiency, enhance its international competitiveness, and establish world-class large-scale refining and chemical processing bases. According to reports from journalists, Guangdong Province is currently working intensively on building large-scale refining and chemical projects. Sinopec Maoming Branch is working toward achieving a refining capacity of 20 million tons per year; the 1 million tons per year ethylene plant associated with it reached its production target on December 8th ； Both CNOOC’s 12 million tons per year refining project and CNOOC Shell’s 800,000 tons per year ethylene project in the Huizhou Daya Bay petrochemical zone have plans to expand production next year; the long-term targets are 40 million tons per year for refining and 3 million tons per year for ethylene ； CNPC in Jieyang, Eastern Guangdong, plans to build a refinery with a capacity of 50 million tons per year and an ethylene plant with a capacity of 1 million tons per year; the first phase of this project, which involves a refinery with a capacity of 20 million tons per year, has already entered the implementation stage ； Sinopec’s 15 million tons per year refining project in western Guangdong, as well as the Zhongke refining project, have also been launched. Source: China Chemical Industry News
It seems that Sinopec only engages in minor operations, while CNPC goes for 50 million tons at a time; it’s great to have so much money.
This post was last edited by brandon on 2009-12-21 09:34: total refining losses, while refined products pile up in warehouses. The fuel price is international; it’s paid in dollars, but the earnings are in RMB. Alas, what a pity!
Redundant construction, overcapacity – what a pity. What is the role of the Development and Reform Commission?
It’s not that the southeast coast is Sinopec’s traditional strong area; CNPC is also entering this region! ?
There are too many sites, and they are too scattered; it’s better to focus on developing the petrochemical bases in Maoming and Huizhou. Those in Zhanjiang and Jieyang can be abandoned, as Zhanjiang has a naval base, and Jieyang is close to Fujian – oil can easily be transported from there. Moreover, Huizhou can also supply oil to eastern Guangdong. Why build so many? It’s too scattered; future pollution will also be widespread and dispersed, making it impossible to address it in a concentrated manner
What the person on the sixth floor said makes sense – the petrochemical industry should develop comprehensively in various locations, rather than being concentrated in one place.
Perhaps the NDRC also supports the large-scale expansion of state-owned enterprises, after all, this can contribute somewhat to GDP.