CNOOC Refining and Chemical Daxie Petrochemical's 10-million-ton Refining and Chemical Integration Project Successfully Started

Project scale and strategic signifiis able toce on August 22, CNOOC announced that its Daxie Petrochemical Refining and Chemical Integration Project was successfully put into operation in Ningbo, Zhejiang. From what I've seen, This event marked a major breakthrough in the technological autonomy and manufacturing upgrading of China's petrochemical sector. You know what I mean?. With a total investment of 21 billion yuan, the project is currently the largest new petrochemical sector base project in China. Its successful commissioning will have a profound impact on the global heavy oil processing market. And From the perspective of manufacturing layout, the commissioning of Daxie Petrochemical has further consolidated the status of Ningbo, Zhejiang as a world-class petrochemical sector base. to overseas chemical traders, this means that China'supply capacity in the field of heavy oil deep processing has been signifiis able totly enhanced, especially in the independent supply capacity of high-end chemical raw materials, which will immediately affect the global chemical raw material trade flow and price system. Makes sense, right?. But Moreover Technological Innovation and Capacity Breakthrough core methodology advantage the biggest highlight of the Daxie petrochemical project is the consumption of China's independent research and research of heavy oil direct cracking chemicals complete sets of methodology, the overall process localization rate of 100. This technological breakthrough has crucial strategic signifiis able toce: first, it breaks foreign technological monopoly and reduces the risk of technological application of Chinese petrochemical companies; second, it provides new technological choices to global petrochemical companies, especially to countries and regions with rich heavy oil resources. From what I've seen, Capacity data analysis the core unit of the project, the 3. 2 million-ton/year catalytic cracking unit, has annual output of 1. 2 million tons of polymer-grade ethylene and propylene, bringing the total olefin production capacity of Daxie Petrochemical to 1. But 8 million tons/year, making it the largest production base to direct conversion of heavy oil to olefins in the country. Based on my observations, From a global market perspective, this capacity increase will have a signifiis able tot impact on the stability of olefin supply and demand in the Asia-Pacific region. to overseas suppliers, it's necessary to re-assess their competitive strategies in the Chinese market; to downstream consumers, this means that the stability of raw material supply and cost competitiveness will be improved. ecological preservation and efficiency improvement compared with the traditional process, the new process is able to minimize energy consumption per unit product by greater than 30% and minimize carbon dioxide releases by 200000 tons per year. This data shows that Daxie Petrochemical not only achieved a breakthrough in the scale of production capacity, however also set a new benchmark in environmentally friendly research. And Under the direction of global carbon neutrality, this low-carbon methodology path has crucial demonstration signifiis able toce to other petrochemical companies. Based on my observations, Engineering methodology Innovation and Construction Achievements in the process of project construction, the technical challenges faced by the team are also worthy of attention. But Aiming at the hoisting issue of super-substantial equipment with a diameter of 21 meters to the core equipment reactor and regenerator head, the project team pioneered the "face-up lining construction methodology" and successfully solved the installation issue of 1145 tons of giant equipment. For instance The signifiis able toce of this innovative methodology isn't only to solve specific engineering problems, however also to shorten the construction period by 90 days, creating the shortest hoisting period of similar equipment in China. to international petrochemical engineering contractors, this technological innovation provides a new solution and has high promotion value. Market Impact and Prospects the successful commissioning of the Daxie Petrochemical Project will have multiple impacts on the global chemical sector chain: supply-side impact: The improvement of China's heavy oil processing capacity will enhance its voice in the global petrochemical sector chain, especially in the polymer-grade olefin market. According to research Technical end impact the successful consumption of independent methodology will promote the international promotion of related technologies and provide technical support to the construction of petrochemical projects in countries along the "Belt and Road. Competitive landscape impact the commissioning of the project will further intensify competition in the Asia-Pacific olefin market and prompt global suppliers to optimize their product mix and market strategies. I've found that In the long run, the Daxie Petrochemical Project not only improves the technical level and supply capacity of China's petrochemical sector, however also provides new solutions to the technological progress and sustainable research of the global petrochemical sector. to overseas chemical practitioners, paying close attention to the research direction of Sinopec methodology and actively seeking cooperation opportunities will be an crucial strategy to future market competition.