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Shenghong refining and chemical integration project is expected to be put into operation by the end of 2021!

 Last Update: 2022-08-22
 Source: Internet
 Author: User

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On April 9, Dongfang Shenghong released its 2019 annual report

The main body of the implementation of Dongfang Shenghong's refining and chemical business segment is Shenghong Refining and Chemical.
Currently, the Shenghong refining and chemical integration project is under construction.
The project scale is 16 million tons/year oil refining, 2.
8 million tons/year paraxylene, 1.
1 million tons/year The annual ethylene and downstream derivatives, supporting 300,000-ton crude oil terminal, four 50,000-ton liquid chemical terminals, etc.
, are expected to be put into operation by the end of 2021

It is reported that after the completion of the project, the paraxylene (PX) produced by Shenghong Refinery will be directly supplied to Honggang Petrochemical for the production of purified terephthalic acid (PTA) .
Diol (MEG) will be further supplied to Guowang Hi-Tech to produce differentiated chemical fibers (POY, FDY, DTY, etc.
), forming a whole industry chain business operation from "one drop of oil" to "one silk"

Ethylene Glycol

In 2019, the overall operating conditions of Dongfang Shenghong maintained a steady upward trend.
Under the complex trade situation, the company's total assets reached 35.
042 billion yuan in 2019, a year-on-year increase of 18.
26%

Since its establishment, Dongfang Shenghong has focused on the field of civilian polyester filaments.
In recent years, the company has continued to expand its production capacity steadily, and actively exerted its scale advantages and internal synergies

Dongfang Shenghong said that the product competitiveness of the company's civilian polyester filaments has improved rapidly, and it is currently in the forefront of the domestic civilian polyester filament industry, especially functional and differentiated civilian polyester filaments have strong competitiveness in the market

At the same time, in 2019, Dongfang Shenghong carried out vertical integration of the industrial chain and acquired 100% equity of Shenghong Refinery and Honggang Petrochemical to form a complete "crude oil refining-PX/ethylene glycol-PTA-polyester- Chemical fiber" new high-end textile industry chain structure

In addition, according to the 2019 annual report, the main production body of Dongfang Shenghong's polyester chemical fiber business segment is Guowang Hi-Tech.
Currently, Guowang Hi-Tech has a production capacity of 2.
1 million tons/year of differentiated chemical fibers, and the product differentiation rate reaches 90%.
There are more than 100 types of products, mainly high-end products DTY

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