On the 12th anniversary of the commissioning of Zhenhai Refining & Chemical’s first million-ton ethylene plant, a total of 12.85 million tons of ethylene have been produced
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12th Anniversary of Efficient Operation of Zhenhai Refining & Chemical’s First Ethylene Plant – Sinopec News Network. As of April 20, the first million-ton ethylene plant at Zhenhai Refining & Chemical has been in operation for 12 years; during that time, 12.85 million tons of ethylene have been produced, with an investment return rate of over 257%. The plant has ranked in the top group worldwide according to the Solomon Performance Evaluation system for five consecutive times. Over the past 12 years, Zhenhai Refining & Chemical has made full use of its advantages in terms of raw materials, location, and integrated refining and chemical processing capabilities. Aiming to reach world-class standards and pursuing the goals of resource recycling, efficient energy use, and minimal emissions, it has worked hard to unlock potential and continuously improve the key economic and technical indicators of its No. 1 ethylene plant. In the first quarter, both energy consumption per unit of output and the cost of raw materials per ton of ethylene ranked first among the group’s companies. Adhering to a dual-driven approach of \"technological innovation + management innovation,\" and with the \"East Sea Furnace King\" Innovation Studio as a leader, it focuses on efforts to achieve domestic production and larger-scale operations, actively exploring new technologies, projects, and processes. The facility has already obtained 11 **patents and 2 **science and technology advancement awards. By addressing the various challenges associated with the equipment through comprehensive and multi-level approaches, great stability is achieved, which in turn leads to significant benefits. The equipment has successfully completed two production cycles, setting benchmarks for zero emissions during the shutdown and restart of ethylene production facilities as well as for elevated flares. Efforts are being made to raise the level of maintenance for ethylene production facilities from every four years to every five years, in line with international best practices. Furthermore, the ethylene plants drive downstream output worth over 100 billion yuan per year. By continuing to strengthen cooperation with enterprises in the petrochemical parks and breaking down barriers to share materials, a new pattern of integrated industrial development is being created.
For Solomon performance evaluation, should it be evaluated based on its content by itself or by someone else?
I don’t know; maybe it’s an organization that charges fees
An average of over 1 million tons per year – impressive
A method for evaluating the performance of petrochemical companies proposed by the American Solomon Management Consulting firm.
On January 18, it was learned from Solvay’s 2017 global olefin plant performance evaluation meeting that Zhenhai Refining & Chemical’s ethylene production is once again at the world’s leading level; this is the fourth time that the plant has received this honor since it began to be evaluated in 2011. Performance evaluation is based on five indicators: return on investment for asset replacement, net cash earnings per unit of added value, cash operating costs per unit of added value, net energy consumption per unit of added value, and maintenance efficiency index. According to Sinopec’s evaluation criteria, if 3 of these indicators fall into the first group while the remaining indicators are in the second group, it represents a world-leading level. The evaluation results show that Zhenhai Refining & Chemical has 4 items in Group 1 and 1 item in Group 2. Solomon Associates (SAL) in the United States is the only company in the world that specializes in evaluating activities such as oil refining and ethylene production; it possesses the largest performance database in the world as well as the best practices in the industry. This year, a total of 131 ethylene producers around the world participated in the Solomon Performance Evaluation, including 41 from the Asia-Pacific region; 9 companies from Sinopec, such as those in Zhenhai, also took part in the evaluation. Zhenhai Refining & Chemical’s ethylene performance is better than that of other units under evaluation, and it is the only unit of Sinopec that continues to maintain a \"world-leading level\".
:victory::victory: