The Yanchang Petroleum Yan’an 10 million tons per year integrated refining and chemical transformation project, with a total investment of around 80.29 billion yuan, has begun the approval process

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The Yanchuan 10 million tons per year integrated refining and chemical processing transformation project of Yanchang Petroleum is a key energy and chemical industry project under Shaanxi Province’s 14th Five-Year Plan. With a total investment of around 80.29 billion yuan, it is located in Luochuan County, Yanchang City. The aim of this project is to increase the production of chemical products by constructing new refining and chemical processing facilities and shutting down or upgrading existing ones. As of January 2026, the project is in the preliminary stage and has been submitted for approval. Key points of the project overview: Construct new refining and chemical facilities such as a vacuum distillation unit with a capacity of 10 million tons per year and an ethylene plant with a capacity of 1.2 million tons per year; simultaneously shut down and reform the existing units at the Yan’an Oil Refinery, Yan’an Petrochemical Plant, and Yongping Oil Refinery in order to achieve capacity integration. Location and scale: It is located in the Luochuan Industrial Park in Luochuan County, Yan’an City, Shaanxi Province. The total investment amounts to 80.29 billion yuan (approximately 80,292.44 million RMB), and it is a key project under Shaanxi Province’s 14th Five-Year Plan. Technical approach: Adopt a \"reduce oil, increase chemicals\" strategy to optimize the oil-to-chemicals ratio from 9:1 to 5:5, thereby significantly reducing the proportion of oil and increasing the production of chemical products such as ethylene, achieving notable energy savings and carbon reduction effects.