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On the evening of August 12, the 2020 semi-annual report disclosed by Hengli Petrochemical showed that its operating income in the first half of the year was 67.
358 billion yuan, an increase of 59.
11% over the same period last year; its net profit was 5.
517 billion yuan, an increase of 37.
20% over the same period last year.
The half-year revenue scale and profit level both hit a record high
.
Hengli Petrochemical said that it made full use of the advantages of high-quality raw materials such as chemical light oil, refinery dry gas, liquefied gas, and pure benzene produced by the 2 million-ton refining and chemical project to invest in the construction of 150,000 yuan in Hengli Petrochemical Industrial Park, Changxing Island, Dalian.
10,000 tons/year ethylene project
.
"The ethylene project has been converted into solid and commercialized operations in July this year, and will start contributing profits to the listed company in the third quarter of this year, which also marks the successful conclusion of the company's strategically important upstream refining capacity construction
.
According to the semi-annual report, the main units of its ethylene project include 1.
5 million tons/year steam cracking unit, 400,000 tons/year high-density polyethylene (HDPE) unit, 2 sets of 200,000 tons/year polypropylene (PP) unit, 720,000 tons/year polypropylene (PP) unit, 720,000 tons/year /year styrene (SM) unit, 2 sets of 900,000 tons/year ethylene glycol (EG) unit, 140,000 tons/year butadiene extraction unit, 350,000 tons/year pyrolysis gasoline hydrogenation unit and 170,000 tons/year /year C4 hydrogenation unit
.
"The launch of the ethylene project will help the listed company to give full play to the strategic cooperation value and business synergy of the two major business segments of refining and ethylene in the integrated refining and chemical project, and further enhance the listed company's industrial operation capability and long-term profitability
.
According to earlier public information, after the Hengli 20 million tons/year refining and chemical integration project and the 150 tons/year ethylene project are completed and put into operation, the Hengli Petrochemical (Dalian Changxing Island) Industrial Park will realize an investment of 150 billion yuan and an output value of 300 billion yuan , a leap-forward development of 65 billion yuan in profits and taxes
.
Hengli Petrochemical's semi-annual report also said that as the first modern refinery with a capacity of more than 20 million tons built at one time in China, Hengli Petrochemical has a private and flexible market operation mechanism and industry-leading comprehensive competitive advantages, and has become the company's current profit structure.
The main source and the main driving force for performance growth
.
Hengli Petrochemical is also the largest PTA manufacturer in China
.
According to the semi-annual report, Hengli Petrochemical's industrial yarn production capacity will also double in the second half of this year and expand to an annual output of 400,000 tons
.
Hengli Petrochemical also expects that in the second half of this year, the company will put into production 600,000 tons of polyester DTY, POY new production capacity and 33,000 tons of PBAT degradable plastic production capacity.
It will reach an annual output of more than 4 million tons
.
