Refining Capacity of the Base Surpasses 50
Million Tons per Year
NINGBO,
China, Dec. 25, 2024 /CNW/ -- China Petroleum
& Chemical Corporation's (HKG: 0386, "Sinopec") recently
announced the mechanical completion of the second-phase expansion
and advanced materials project at its Zhenhai Refinery. This
milestone sets new benchmarks for innovation, smart manufacturing,
and energy efficiency in large-scale projects. The refinery's
capacity has now been upgraded to 40 million tons per year,
contributing to the Zhejiang Ningbo Petrochemical Industrial Base
surpassing a total refining capacity of 50 million tons annually.
The achievement solidifies its position as China's largest, most advanced, and globally
competitive petrochemical industrial base.
Located in the Yangtze River Delta, a key downstream product
consumption hub, the Zhejiang Ningbo Petrochemical Industrial Base
plays a vital role in Sinopec's value chain. The second-phase
expansion and advanced materials project, with a total investment
of CNY 41.6 billion, incorporates 18
production units, including atmospheric distillation, catalytic
cracking, polypropylene, and propane dehydrogenation units. By
emphasizing chemical-focused processes, the project creates
multiple high-value-added supply chains.
The facility's expanded production capacity supports the
development of high-end polyolefins, advanced materials, and
specialty chemicals. It is expected to provide approximately 8
million tons of petrochemical products annually, significantly
boosting the overall capacity of supply chains for industries such
as automotive, home appliances, and textiles in the region. This
expansion is forecast to generate trillions of yuan in upstream and
downstream industrial value.
The project achieved remarkable progress in technological
innovation and sustainability. Highlights include:
- Localization of 10 core technologies, including the world's
highest-load vertical labyrinth compressor.
- Extensive deployment of smart technologies, enabling
simultaneous delivery of digital and physical factories.
- Integration of a fully localized industrial operating system
and a self-developed industrial internet platform to enhance
decision-making and management.
- Implementation of comprehensive energy-saving measures,
achieving an overall reduction in energy consumption of 11.7%.
- Safety and quality were paramount during construction, with
over 90 million consecutive safe man-hours recorded and a 100%
quality pass rate for all units, setting a new industry
benchmark.
Zhenhai Refinery, Sinopec's largest integrated refining and
chemical enterprise, boasts an ethylene production capacity of 2.2
million tons per year. It is also the only enterprise in
China consistently ranked in the
top performance group of the Solomon Global Ethylene Performance
Evaluation.
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SOURCE SINOPEC
