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In 2020, a new round of domestic refining and chemical capacity expansion will drive the market competition intensified, the competition in the refining industry will intensify, and the pressure of transformation and upgrading in the chemical industry will be highlighted
In 2020, Sinopec will promote the construction of refining and chemical bases and related projects in an orderly manner, comprehensively promote the transformation and upgrading of the refining and chemical business, and initially lay the foundation for high-quality development
In 2020, Sinopec will promote the construction of refining and chemical bases and related projects in an orderly manner, comprehensively promote the transformation and upgrading of the refining and chemical business, and initially lay the foundation for high-quality development
Over the past year, relying on the development trend of refining and chemical integration, large-scale and base-based development, and in accordance with the national petrochemical industry layout and Sinopec's plan, Sinopec has continued to promote supply-side structural reform and industrial upgrading, and a number of key refining and chemical integration projects have been completed and put into operation.
Over the past year, we have coordinated and combined the equipment and resources of each enterprise, and promoted the refinery and chemical structure adjustment project according to the enterprise's conditions
Over the past year, the coastal and riverside oil refining enterprises have been actively deploying the production of low-sulfur heavy marine fuel oil, and the production capacity has continued to increase; Coal production has grown substantially
.
The self-sufficiency rate of chemical raw materials is over 94%; the chemical business continues to adhere to the development strategy of "basic + high-end" and "chemical + materials", and strives to optimize product structure.
New production capacity such as ethylene and paraxylene has increased significantly.
Its ethylene equity production capacity ranks fourth in the world, para-xylene and polyolefin equity production capacity ranks first in the world, and synthetic rubber production capacity ranks second in the world
.
