【Haichuan Chemical Salary News】11 billion! The transformation and upgrading project of Anqing Petrochemical is scheduled to start construction in May

　　The transformation and upgrading project of Anqing Petrochemical will accelerate the shift in development patterns and structural adjustments, improve quality and efficiency, and enhance the company’s competitiveness. It will enable the efficient and thorough conversion of low-quality heavy oil, reduce oil consumption while increasing gas production, and boost the output of chemical raw materials, thereby facilitating a transition toward a refinery focused on new materials and chemicals. Additionally, through the construction of this project, differentiated development of enterprises along the river basin and optimal utilization of resources will be achieved, preventing homogenization among regional refining companies. By integrating new technologies with existing ones and carrying out upgrades, a model of safe, green, and intelligent urban-style refining enterprises will be created. 　　It is reported that the project will, while maintaining an oil processing capacity of 8 million tons per year, improve the plant’s structure and adjust its product portfolio in order to increase the production of chemical raw materials such as low-carbon olefins and aromatics. Among these, the total volume of low-carbon olefins and aromatics resources amounts to 1.53 million tons per year; in terms of dry gas, there are 150,000 tons per year of ethylene, 640,000 tons per year of propylene, and 610,000 tons per year of aromatics raw materials supplied from outside. The ratio of gas to oil decreases to 0.45. The project is located in Anqing Chemical Industry Park. The significant increase in chemical raw materials and products will strongly boost the development of the local chemical industry, accelerating the formation of a petrochemical industry cluster led by Anqing Petrochemicals, and creating a favorable platform for the group company to integrate more effectively into the integrated development of the Yangtze River Delta region.

　　The transformation and upgrading project of Anqing Petrochemical will accelerate the shift in development patterns and structural adjustments, improve quality and efficiency, and enhance the company’s competitiveness. It will enable the efficient and thorough conversion of low-quality heavy oil, reduce oil consumption while increasing gas production, and boost the output of chemical raw materials, thereby facilitating a transition toward a refinery focused on new materials and chemicals. Additionally, through the construction of this project, differentiated development of enterprises along the river basin and optimal utilization of resources will be achieved, preventing homogenization among regional refining companies. By integrating new technologies with existing ones and carrying out upgrades, a model of safe, green, and intelligent urban-style refining enterprises will be created. 　　It is reported that the project will, while maintaining an oil processing capacity of 8 million tons per year, improve the plant’s structure and adjust its product portfolio in order to increase the production of chemical raw materials such as low-carbon olefins and aromatics. Among these, the total volume of low-carbon olefins and aromatics resources amounts to 1.53 million tons per year; in terms of dry gas, there are 150,000 tons per year of ethylene, 640,000 tons per year of propylene, and 610,000 tons per year of aromatics raw materials supplied from outside. The ratio of gas to oil decreases to 0.45. The project is located in Anqing Chemical Industry Park. The significant increase in chemical raw materials and products will strongly boost the development of the local chemical industry, accelerating the formation of a petrochemical industry cluster led by Anqing Petrochemicals, and creating a favorable platform for the group company to integrate more effectively into the integrated development of the Yangtze River Delta region.

　　It is reported that the original plan for this project was as follows: the total investment in the project was around 11 billion yuan, and it was divided into two phases, Phase I and Phase II. The initial investment is estimated at 6.6 billion yuan; upon completion, the annual operating revenue is expected to be around 50 billion yuan, with profits of approximately 4 billion yuan. The estimated investment for the second phase is 4.4 billion yuan, with annual operating revenue of around 60 billion yuan and a total profit of 6 billion yuan. Upon completion of Phase 1, the annual total volume of low-carbon olefins and aromatic hydrocarbon resources will reach 2.04 million tons. Phase 2 will add another 650,000 tons of chemical raw materials. This significant increase in chemical raw materials and products will effectively drive the adjustment of the city’s chemical industry structure; a large number of mid-to-high-end synthetic material, synthetic resin, and fine chemical enterprises will emerge, accelerating the development of a base for the new chemical materials industry. At the same time, active efforts will be made in environmental protection by raising the emission design standards for newly built facilities; the annual emissions of sulfur dioxide and nitrogen oxides from refining units are set to decrease by 9.7% and 6.6% respectively. Greater use will be made of recycled wastewater, and measures will be taken to treat low-concentration wastewater, ensuring that the total volume of wastewater discharged from wastewater treatment plants does not increase but rather decreases.

Anqing has been like a useless asset for so many years – it has a small scale, limited product range, and high staff turnover; new projects can help enhance the competitiveness of the central region.

It seems that the focus has shifted from simple oil refining to the chemical industry

This post was last edited by The wise on 2020-3-27 at 16:22. Anqing used to focus on oil products and fertilizers; in recent years it has added the production of acrylonitrile.

It is also a **snapshot of the development over these years. Hope to maintain this momentum of development