Chinese private petrochemical enterprises promote industrial capacity structure upgrade

In recent years, through supply-side structural policy reforms, China's petrochemical industry has "removed" outdated production capacity, "controlled" industrial chain inventories, "made up" the shortcomings of high-end production capacity, and "constructed" an integrated structural system to make the production capacity structure of China's petrochemical industry.

Facing the complex and changeable external operating environment, private enterprises in China, Hengli, Zhejiang Petrochemical and Shenghong Refining & Chemicals, have further promoted the competition of enterprises by virtue of the world's leading refining and chemical integrated production capacity advantages and the integrated upstream and downstream integrated petrochemical industry chain layout.

The private refining and chemical industry has ushered in valuable development opportunities, coupled with the increasing overcapacity of domestic oil refining, the demand for high-quality development of refining and chemical enterprises is becoming more and more intense

Hengli Petrochemical, which has the largest one-time construction scale in China, the most complex technology in the world, the longest processing flow, the highest degree of business integration, and the most complete industrial facilities, the 20 million-ton refining and chemical integration project was put into operation on May 19, 2019.

Hengli Petrochemical's 20 million-ton refining and chemical integration project has been put into operation so far, which has enhanced China's discourse power from petrochemical polyester new materials to textiles, and broke the foreign monopoly on China's bulk raw materials, aromatic hydrocarbons and PTA

Degradable plastics are hot right now and represent the future of plastic products

Hengli Petrochemical's 20 million tons of oil refining integration project has been invested so far, showing a strong improvement in profitability.

Hengli has changed from "a little oil" to "a piece of silk", and now it has chosen a new way to take off, from "a piece of coal" to "a piece of cloth" for the whole industry layout

　　It is worth mentioning that the Hengli development model is firmly tied to environmental protection

　　Rongsheng Petrochemical Co.

　　The scale of Shenghong refining and chemical integration project is 16 million tons/year of oil refining, 2.

　　These three private petrochemical enterprises are all refining and chemical integration projects, and they are all developing in an extraordinary way, breaking the foreign monopoly, winning the right to speak for polyester new materials and the textile industry, and leading the way on the road of national industrial revitalization