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Sinochem News.
The technology has been developed and engineered by the Beijing Research Institute of Chemical Industry and Engineering Construction Company organized by Sinopec.
It is understood that at present, only ExxonMobil and Sinopec in the world have successfully realized the industrial application of this technology
It is estimated that for every 1 million tons of crude oil processed by this technology, nearly 500,000 tons of chemicals can be produced, including nearly 400,000 tons of high-value products such as ethylene, propylene, light aromatics, and hydrogen.
Sinopec attaches great importance to the R&D and application of "oil conversion" technology
Sinopec said that the combination of the above two technologies is expected to increase the total amount of chemicals produced by crude oil to more than 70%, which will become an economically feasible technical route for "oil conversion" in the future
In the next step, Sinopec plans to carry out the development and engineering design of a complete set of technology for the production of ethylene by steam cracking of one million tons of crude oil at Tahe Refining and Chemical, and to build an industrial demonstration device for the production of chemicals directly from crude oil