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This year is a key year for Shandong, a major refinery province, to accelerate capacity integration.
In March, an online auction announcement for refining equipment was published on an auction platform
Shandong Province is the largest refining and chemical industry base in China, with a crude oil processing capacity of up to 210 million tons per year
The first stage is from 2015 to 2018.
The second stage is from 2019, relying on the implementation of the Yulong Island Refining and Chemical Integration Project, to integrate and transfer the refining capacity of local refining enterprises with a scale of 3 million tons/year or less in urban densely populated areas
At present, the Yulong Island Refining and Chemical Integration Project (Phase I) is in full swing, and Yantai City requires its main project to be handed over in mid-June 2023
At the same time, local refining companies that have withdrawn from local refining capacity indicators are also actively planning for transformation and upgrading
After two rounds of integration, the number of local refining enterprises in Shandong Province has dropped to less than 40, with an average scale of 3.