Shenghong refining and chemical integration project investment shrinks by 9.8 billion

On the afternoon of August 8, Dongfang Shenghong issued the "Announcement on Optimizing and Adjusting Part of the Construction Contents of the Shenghong Refining and Chemical Integration Project", and lowered the investment scale of the "Shenghong Refining and Chemical 16 million tons/year Refining and Chemical Integration Projec.

Among them, the construction investment of the project was lowered from 6666 billion yuan to 5775 billion yuan, the construction period interest was lowered from 477 billion yuan to 967 billion yuan, and the working capital was raised from 333 billion yuan to 922 billion yu.

Dongfang Shenghong's announcement on August 8 showed that under the premise of maintaining the main industrial scale of the project "annual processing crude oil of 16 million tons, an annual output of 8 million tons of PX, and an annual output of 1 million tons of ethylene", partial adjustments will be made to some uni.

After this adjustment, the total refining and processing process has been moderately optimized, and the proportion of refined oil in the crude oil processing volume of the project has been reduced from 37% to 31%, and more basic chemical raw materials can be provid.

The construction scope of the project includes 16 million tons/year oil refining, 8 million tons/year paraxylene (PX), 1 million tons/year ethylene, storage and transportation, public works and corresponding supporting facilities and crude oil, refined oil, liquid chemicals, coal, Bulk cargo terminal and off-site engineeri.

According to the announcement, the adjustment of the sub-project is based on “less production of refined oil, more production of chemical products, and maximization of economic benefits”, combined with the development trend of the industry and the company’s own advantages and existing foundatio.