16 million tons of refining and chemical integration project put into operation: the total investment of 67.7 billion single process scale is the largest

The largest single-process refining and chemical integration project in China was put into operation
.

On May 16, the first batch of core main installations of the 16 million tons/year refining and chemical integration project of Shenghong Refining and Chemical Co.
, Ltd.
(hereinafter referred to as "Shenghong Refinery") Co.
, Ltd.
(hereinafter referred to as "Shenghong Refinery"), a wholly-owned subsidiary of Jiangsu Oriental Shenghong Co.
, Ltd.
(Oriental Shenghong, 000301), was successfully put into operation in Xuwei New Area, Lianyungang and is expected to complete the capacity climb in the third quarter of this year
.

The total investment of the project is about 67.
7 billion yuan, and the construction scale is 16 million tons/year for oil refining, 2.
8 million tons/year for aromatics, 1.
1 million tons/year for ethylene and other downstream products; It is equipped with 300,000 tons of crude oil terminals, 4 50,000 tons of liquid chemical terminals, 3 million cubic meters of storage and public works islands
.

Refining, which refers to the upstream petrochemical industry of the chemical industry chain, takes crude oil as raw material, and derives a series of mid-end chemical products through deep processing, on the basis of which a variety of synthetic new materials
are obtained through deep processing.

In 2021, the revenue of Oriental Shenghong Petrochemical and chemical new materials accounted for nearly 60%, and after the refining project was put into operation, it opened up the industrial chain of crude oil refining and high-end chemical industry, and achieved a leap
from about 50% to more than 70% in the proportion of high value-added and scarce chemical products in China such as aromatics and olefins.
At the same time, the project relies on the independent and controllable high-end industrial chain of "crude oil-aromatics/olefins-PTA/ethylene glycol-polyester new materials", which can realize the mutual supply
of raw materials and products in Lianyungang petrochemical industry base.

The localization rate of the core equipment of the project has reached more than 90%, which has refreshed many records such as the largest diameter tower, the heaviest single fixed bed reactor, the largest atmospheric pressure reduction distillation device and the cracking furnace of the same type of project in China
.

Among them, the 16 million tons / year atmospheric vacuum distillation unit, wax oil hydrocracking unit is the largest single set in China; The p-xylene device is the first two-stage heavy slurry recovery process introduced in China, and it is also the world's largest single-series p-xylene device; The project also has the largest 3×3.
1 million tons/year continuous reforming unit in China, and has achieved full autonomy in key technologies
.

Li Shousheng, president of the China Petroleum and Chemical Industry Federation, once said that there are still many "stuck neck" problems
in the supporting supply of a large number of high-end new materials in China.
In 2020, the output of new chemical materials in China will be about 27 million tons, but the consumption will be as high as 38 million tons, with a gap of 11 million tons, and the self-sufficiency rate of new chemical materials will be only 71%.

In some key resin materials, special fibers, high-performance membrane materials, electronic chemicals and other fields, the short board problem is prominent, which restricts the development of
downstream high-end manufacturing industry.

Oriental Shenghong is the core listed subsidiary of Shenghong Holding Group Co.
, Ltd.
, whose main business includes oil refining, petrochemical, civil polyester filament, new energy and new materials and other industrial fields
.
In 2018, it was listed through the backdoor, and in 2021, it acquired the photovoltaic film material leader Sierbang, cut into the field of new materials and new energy, and formed an industrial matrix of "refining + polyester + new materials", which is a unique large-scale chemical enterprise
in China that achieves full coverage of oil heads, coal heads and gas heads.
As of May 16, Oriental Shenghong closed at 13.
45 yuan per share, with a total market value of 79.
981 billion yuan
.