Guangxi Petrochemical Refining and Chemical Transformation and Upgrading Project Launched

　　Sinochem News News On July 27, Qinzhou City, Guangxi and PetroChina Guangxi Petrochemical Company signed the Investment Agreement for PetroChina Guangxi Petrochemical Refining and Chemical Integration Transformation and Upgrading Project
.

　　The project is located in the Petrochemical Industrial Park of Qinzhou Port Area of ​​Guangxi Pilot Free Trade Zone, with a total investment of about 30.
5 billion yuan.
It was fully launched on July 28 and is expected to be completed and put into operation in 2025.
After the project is put into operation, the annual output value is expected to be about 30 billion yuan and the tax revenue will be about 30 billion yuan.
billion
.

　　It is understood that the project relies on the existing crude oil processing capacity of PetroChina Guangxi Petrochemical's ten million-ton oil refining project, and uses light naphtha and other products produced by the refinery as raw materials to build a new one-million-ton ethylene cracking and downstream deep processing unit
.
After the project is put into operation, it will increase the production capacity of basic chemical raw materials such as ethylene, propylene and butadiene by about 2.
76 million tons per year, and extend the development of high-end polyolefin, ethylene-vinyl acetate copolymer (EVA), solution-polymerized rubber and other high value-added products.
, which is conducive to alleviating the current supply and demand contradiction of excess oil refining capacity but the shortage of basic chemical raw materials, and filling the gap in the regional high-end chemical new material industry
.