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On March 15, the groundbreaking ceremony for the pile foundation works of the refining supporting project for the Luoyang ethylene project was held at the site of the newly built 2.2 million tons per year hydrocracking unit, marking the entry of this refining supporting project into full-scale implementation. The foundation design for the refining supporting facilities of the Luoyang ethylene project was approved by the headquarters on October 27, 2023. It mainly includes a 2.2 million tons per year hydrocracking unit and an 400,000 tons per year ethane recovery unit; the estimated investment is around 1.7 billion yuan, with Sinopec Guangzhou Engineering Company acting as the general contractor. On February 19, 2025, the kick-off meeting for the detailed design of the refinery supporting projects was held at the Guangzhou Engineering Company. The construction of this project will provide significant support for the Luoyang ethylene project. Once the 2.2 million tons per year hydrocracking unit is operational, Henan Refining and Chemical’s capacity to process straight-run diesel and catalytic diesel will also increase substantially, allowing for more jet fuel to be produced. This will help the refining sector establish a base for jet fuel production and storage, thereby enhancing the overall profitability of the company. The pile foundation construction is scheduled to be completed in mid-June, after which the civil engineering and installation work will begin. In accordance with the overall plan, completion of the mechanical installations is targeted for December 2026, with an intermediate handover and inspection scheduled for March 2027.