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On November 30, the overall design of the refining and chemical integration transformation and upgrading project of PetroChina Guangxi Petrochemical Company was successfully completed, and it met the conditions
for reporting to the group company.
The timeline of recent project progress is as follows:
On November 25, Zong Yishan, general manager and deputy secretary of the party committee of the company, presided over the overall design review meeting of the refining and chemical integration transformation and upgrading project, discussed the issues raised by the pre-examination meeting, and further clarified the revision requirements
of the overall design.
According to the opinions formed by the overall design review meeting, the company once again docked with each design institute to further standardize the design content according to the project feasibility study report, so that the content and depth of the overall design reached the "Regulations on the Overall Design Content of Petrochemical Large-scale Construction Projects", and achieved the purpose of
optimizing investment and controlling the estimated budget.
On November 20, the company held a pre-examination meeting for the overall design of the refining and chemical integration transformation and upgrading project, and more than 120 external experts, design representatives and professional department personnel reviewed 46 special design articles, and connected more than 600 issues with the design institute
.
On November 18, the first draft
of the overall design of the refining and chemical integration transformation and upgrading project was completed.
On July 27, Qinzhou City and PetroChina Guangxi Petrochemical Company signed an investment agreement
for PetroChina Guangxi Petrochemical Refining Integration Transformation and Upgrading Project.
Project Introduction
The project is located in the petrochemical industrial park of Qinzhou Port Area of Guangxi Pilot Free Trade Zone, with a total investment of about 30.
5 billion yuan, which is planned to be fully launched on July 28 this year and completed and put into operation in 2025, with an estimated annual output value of about 30 billion yuan and tax revenue of about 3 billion yuan
after operation 。 Relying on the existing crude oil processing capacity of PetroChina Guangxi Petrochemical 10 million ton oil refining project, the project uses light naphtha and other products produced by the refinery as raw materials, builds a million-ton ethylene cracking and downstream deep processing unit, and adds about 2.
76 million tons of basic chemical raw materials such as ethylene, propylene and butadiene after being put into operation, and extends the development of high-end polyolefins, EVA (ethylene-vinyl acetate copolymer), dissolved rubber and other high value-added products, which is conducive to alleviating the contradiction between supply and demand of the current overcapacity of oil refining but the shortage of basic chemical raw materials.
Filling the gap of regional high-end chemical new materials industry and meeting the market demand of the "Belt and Road" and the new land-sea corridor in the west is of great significance
to the high-quality development of Guangxi's industry, the construction of a new development pattern of services, and the acceleration of the construction of a trillion-level high-end new materials industrial cluster.
