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■ China's refining and ethylene production capacity ranks second in the world
China's refining and ethylene production capacity currently ranks second in the world, forming a refining and chemical industry cluster
around the Bohai Sea, the Yangtze River Delta and the Pearl River Delta.
During the "14th Five-Year Plan" period, the refining and chemical industry will accelerate structural adjustment, focus on accelerating the adjustment of refining structure, and achieve differentiated and high-end development of chemical industry to achieve high-quality development
.
■ The growth rate of gasoline consumption has slowed down, and the overcapacity of refining oil is obvious
From the perspective of the market situation, domestic diesel consumption has reached a peak in 2015 (173 million tons), and the growth rate of gasoline consumption has slowed down significantly, and it is expected to peak (156 million tons)
in 2025.
Refining capacity is obvious
.
■ Ethylene consumption and supply are still in a stage of rapid growth
Domestic demand for chemical products continues to grow, and ethylene consumption and supply are still in a stage of
rapid growth.
In 2021, China's ethylene production capacity is 41.
68 million tons / year, the output is 37.
47 million tons, the ethylene equivalent consumption is 58.
32 million tons, the self-sufficiency rate is about 64%, and the external dependence of ethylene is relatively high
.
■ Sinopec achieved a breakthrough in the key technology of "oil conversion"
Sinopec's key research project "Development and Industrial Application of Light Crude Oil Cracking to Ethylene Technology" was successfully opened in Tianjin Petrochemical Industry on November 17, 2021, realizing the first industrial application
of crude oil vapor cracking technology in China.
The project can directly convert crude oil into ethylene, propylene and other chemicals, with a chemical yield of nearly 50%.
Data sources: Sinopec Representative Committee Bills and Proposals, Sinopec News, etc
