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The predecessor of the Fujian Refining and Chemical Integration Project, the Fujian Refinery, is the first project invested by a central enterprise in Handan, and it is also the first project to cooperate with local governments after the establishment of Sinopec, which is of special significance for both Fujian and Sinopec. . As a result of more than 20 years of cooperation between Sinopec Group Corporation and Fujian Province, the Fujian Refining and Chemical Integration Project was officially completed and put into operation in November last year, with a total investment of nearly 40 billion yuan, refining capacity of 12 million tons/year, and a new set of 80 Million/year ethylene cracker, one 800,000-ton/year polyethylene plant, one 400,000-ton/year polypropylene plant, and one 700,000-ton/year aromatics complex. After the completion of the oil refining and chemical integration project, Fujian has never produced a drop of oil in a small petrochemical province and has become a major province in the petrochemical industry. Fujian United Petrochemical Company ranks eighth in refining capacity in the country, and ethylene ranks seventh in the country. What is more important is that the petrochemical industry, which has been hailed as the "blood of industry," is both an energy industry and a raw material industry, providing important support for the scientific development of Fujian Province and surpassing development.
In terms of refined oil products, Fujian United Petrochemical Company's annual output of 3.7 million tons of gasoline and 4.1 million tons of diesel fuel can meet two-thirds of gasoline demand in Fujian Province and about 80% of diesel demand. Some time ago, the supply of refined oil products in the domestic market was tight, and Fujian United Petrochemical Company established the Leading Group for Supply Guarantee in the refined oil market. It increased productivity, adjusted product structure, and organized the installation of power plants to basically meet the oil supply in Fujian Province.
In terms of chemical products, chemical products such as polyethylene, polypropylene, and aromatic hydrocarbons produced by Fujian United Petrochemical Company are the textile, garment, midstream and downstream petrochemical, resin and plastic post-processing, new materials, packaging, and mechanical engineering plastics in Fujian Province. Industrial raw materials. In the past, these raw materials were mainly purchased from other provinces, and some of them were imported. Now they can be bought at the doorstep, which greatly reduces the cost.
Win-win cooperation and complementary advantages. Fujian's efforts to promote leapfrog development has also brought new opportunities for project investors. Lin Li, chairman of Fujian Petrochemical Group, told reporters that Sinopec chose to invest in Fujian and invest in the construction of an integrated oil refining and chemical project. This is the booming development trend in Fujian, and Fujian and its surrounding areas as China's southeast coastal textile and apparel footwear industry. , Plastics and rubber products, chemical building materials, technology products, the main production areas, the petrochemical industry in the downstream raw materials, a huge market demand. After the integration of the refinery and chemical project, Sinopec’s market share in Fujian has rapidly increased. In the first 10 months of this year, Sinopec's sales of refined oil products in Fujian was 4.204 million tons, accounting for 72.9% of the province's total sales. In addition, as a province of textiles and garments, the annual demand for aromatics in Fujian is 1.8 million tons, and the annual output of 700,000 tons of Fujian United Petrochemical Company is basically digested in Fujian.
In March this year, the Fujian Provincial Government and Sinopec Group reached consensus in nine areas on accelerating a new round of cooperation. Su Shulin, party secretary of the Sinopec Group Corporation, general manager, and chairman of the joint-stock company, stated that Fujian has a very important strategic position in the strategic layout of Sinopec's development. Strengthening Sinopec's cooperation with Fujian Province is in the long-term interest of both parties.
As a major project, the industrial agglomeration effect of oil refining and chemical integration has become increasingly apparent. New industrial chain projects have continued to land, and they are rapidly advancing in the implementation of the five major battles across the province. Take Haizhou Bay Chlor-Alkali Industrial Co., Ltd. as an example. As an integrated downstream project for the refining and chemical industry, the company invested 520 million yuan to build a 30,000-ton/year 1,4-butanediol project last year, and started construction of a total investment of 12.1. The 100 million metric tons of styrene-butadiene rubber and 50,000 tons of butadiene rubber project are expected to be completed by the end of the year. Similar downstream projects are still falling, the industrial chain is getting longer and longer, and a petrochemical base with a production value of 100 billion yuan will be presented soon. In the first 11 months of this year, the output value of the petrochemical industry in Quangang District, Quanzhou, where United Petrochemical Company was located, reached 55.5 billion yuan, a year-on-year increase of 108%. The annual output value is expected to exceed 60 billion yuan.
Driven by the integrated project of refinery and petrochemical industry, in the first 10 months of this year, Fujian's petrochemical industry achieved an industrial output value of 132.6 billion yuan, an increase of 35.7% over the same period of last year. The output of major petrochemical products continued to grow.
The work of Fujian United Petrochemical Company has also continued to shine. Since the integration project of refinery and petrochemical industry was put into operation, all completed projects have been successfully completed and accepted, of which the acceptance of files has achieved a high score of 90.5, which has become the second best result for Sinopec Group Company in history. The company's new round of leapfrogging development is also under development. Since the second half of this year, the first phase of the expansion of the refining and chemical integration, quality improvement of refining oil products, potential expansion of chemical refinement and ethylene de-bottlenecking projects has progressed smoothly, and is expected to be in the near future. Sign up.
Fujian Refining Chemical Industry has made great achievements
The Fujian Provincial Petrochemical Group recently reported that the Fujian Refining and Petrochemical Integration Project has achieved fruitful results. From January to November, Fujian United Petrochemical Company achieved sales revenue of approximately RMB 53 billion, a profit of nearly RMB 800 million, and a taxation of over RMB 7 billion. After the project is put into production, it will be transferred to a balanced and stable production, and it will continue full-load production for several consecutive months. A number of downstream projects in the industrial chain quickly gathered and quickly advanced. In the clarion call to promote scientific development and development across Fujian, this iconic project that has been used as a cooperation between Fujian and the central enterprises is devising new brilliance.