Hengyi Petrochemical achieves operating income of 128.98 billion yuan in 2021

On the evening of April 25, Hengyi Petrochemical disclosed its 2021 annual report and 2022 first quarter report

Seize the opportunity to stabilize production, Hengyi Brunei project benefits continue to grow

In 2021, as the epidemic situation in Southeast Asia has eased, market demand has gradually recovered, and the cracked price difference of refined oil products will continue to recover.

The announcement shows that the main products produced by the Hengyi Brunei project include diesel, gasoline, chemical light oil, liquefied gas and other refined products, as well as PX, benzene and other chemicals.

Southeast Asia's refined oil market is booming, and the performance of Hengyi Brunei project is expected to usher in explosive growth

Since 2022, as Indonesia, Malaysia, Singapore and other Southeast Asian countries have relaxed epidemic control measures and actively resumed work and production, market demand has grown rapidly

Due to the early construction of some refineries in Southeast Asia, outdated technology, poor management, and heavy government subsidies, according to Platts data, Southeast Asian refineries have withdrawn production capacity of 15.

As a benchmark for the profitability of refineries in Southeast Asia, the cracking spread of refined oil products in Singapore has continued to improve since 2021, and since 2022, the cracking spread of refined oil products in Singapore has been rising all the way

Strategic layout in overseas markets, Hengyi Brunei project won the "Luban Award"

It is found that as early as 2012, Hengyi Petrochemical actively responded to the "Belt and Road" initiative, adapted to the requirements of high-quality development in the new era, seized the development opportunities in the Southeast Asian market, and took the lead in strategically deploying Brunei projects overseas to realize the internationalization of the industry.

　　In order to enhance international competitiveness, Hengyi Brunei project introduced the world's largest single-series aromatics unit and the world's sixth set of flexible coking process units.

　　According to public information, the Hengyi Brunei project is the first large-scale overseas petrochemical project to fully implement Chinese standards.

　　"Behind these honors, the Chinese people used Chinese technology, Chinese equipment, and Chinese standards to overcome one construction problem after another, showing the new image and strong strength of Chinese construction, and also showing the Hengyi of 'never stop, create brilliance' Power

　　Based on the international market, we will make every effort to promote the construction of the second phase of Brunei's project

　　While ensuring the stable production and operation of the first phase of the project, Hengyi Petrochemical, based on the requirements of high-quality development in the new era and the new pattern of industrial development, fully promotes the construction of the second phase of the Brunei project, and proposes to position itself as a world-class integrated service provider of refining-chemical-chemical fiber , and systematically create a strategic development plan for upstream and downstream synergy, domestic and overseas linkage, and comprehensive competitiveness of software and hardware

　　After the Brunei Phase II project is completed and put into operation, it will help the company to further reduce production costs, ensure stable supply of raw materials, improve upstream production capacity, further enhance the advantages of coordinated operation of upstream and downstream industries, optimize product structure, increase product added value, and enhance the company.

　　Hengyi Petrochemical said that the company will seize the current window period for epidemic prevention and control in Southeast Asia, safely and stably produce and operate the first phase of Brunei’s project, and accelerate the construction of the second phase, so as to become a leading domestic and world-class oil refining-chemical industry -The great vision of the chemical fiber industry group continues to move forward