Discussing the further processing of liquefied petroleum gas together seems to be quite profitable

Thread Content

It is reported that the world’s first 400,000 tons per year liquefied petroleum gas deep processing complex, built by Liaoning Tongyi Group with a total investment of 7.3 billion yuan, recently broke ground in the Fushun High-Tech Development Zone. Leveraging Liaoning’s advantages as a major petroleum processing province, this project will explore new avenues for the advanced processing of liquefied petroleum gas. The main products of this project – propylene, butadiene, and isobutylene – are all basic organic chemical raw materials that are in high demand in the international market. Further processing of these materials can also yield high-value products such as butyl rubber, styrene-butadiene rubber, and butyl octanol. Once completed, this facility will not only reduce the country’s reliance on imported basic chemical raw materials but also enable efficient utilization of C4 resources. Liaoning is the province with the largest oil refining capacity in the country, with a crude oil processing capacity of 76 million tons per year. Once this project is completed, it will **help alleviate the pressure on the liquefied gas market in Liaoning. It is reported that the liquefied gas deep processing complex utilizes technology entirely provided by the American company Lums. The core production equipment for products such as styrene-butadiene rubber and butyl rubber incorporates advanced process technologies from the world’s leading companies BASF in Germany and Exxon in France, thereby overcoming the technical challenges associated with deep processing complexes that use liquefied petroleum gas as raw material. The construction period for this project is three years, divided into three phases. The first phase of the project for converting 200,000 tons per year of tetraolefins into propylene has recently commenced full-scale construction, with completion and operation scheduled by the end of the year ； The second phase of the project, which involves 115,000 tons per year of isobutane converted into isobutylene and 125,000 tons per year of n-butane converted into butadiene, is set to be completed and put into operation in September next year ； The third phase, comprising facilities for producing cis-butyl rubber from 120,000 tons per year of butadiene and butyl rubber from 100,000 tons per year of isobutylene, is scheduled to be completed and put into operation by the end of 2012. The facility for producing butyl octanol from 200,000 tons per year of propylene will begin operations in October 2013. Once the project is fully completed and operational, it will be able to generate sales revenue of 25.7 billion yuan. In recent years, the production capacity of liquefied petroleum gas has increased significantly due to the substantial expansion of domestic refining companies. In 2010, China will add 54.5 million tons of refining capacity; based on a yield of 3% for liquefied gas, this will result in an additional annual production capacity for liquefied petroleum gas of around 1.5 to 1.63 million tons. Experts predict that overcapacity in the domestic liquefied petroleum gas market is an inevitable outcome. This project seems to be very profitable; let’s discuss and exchange ideas together