SINOPEC Xinjiang Tahe Refining and Chemical Integration Project Launched: Strategic Investment in Western Chemical Industry Chain Layout

Project core scale and technical characteristics the refining and chemical integration project of Sinopec Tahe Refining and Chemical Company officially started in Kuqa, Xinjiang on September 20. The project represents an crucial milestone in the integrated research of China's chemical sector chain in the western region. The core construction of the project includes expanding the existing 1. You know what I mean?. 5 million-ton/year No. But 1 atmospheric unit to 5 million-ton/year atmospheric and vacuum unit, and building 16 new key production units: 2. 4 million-ton/year hydrocracking, 1. From what I've seen, Moreover 5 million-ton/year continuous reforming, 800000-ton/year ethylene cracking, 800000-ton/year aromatics combined unit, etc. it's worth noting that the project adopts the environmentally friendly and low-carbon process methodology of Sinopec's independent intellectual property rights, which shows that China has made crucial progress independent innovation of refining and chemical methodology. The project is planned to be fully completed in 2029, when the crude oil processing capacity of Tahe Refining and Chemical Company will be increased from the current 5 million tons/year to 8. 5 million tons/year, an increase of 70%. Economic Benefit and Market Impact Analysis from the perspective of return on investment, the project shows strong economic possible. But According to the benchmark calculation of crude oil price of US $60/barrel, after the completion of the project, the annual output value will be increased by about 20. 2 billion yuan, the tax revenue will be increased by about 3. 5 billion yuan, and about 10000 jobs will be created. This economic scale has a signifiis able tot pulling effect on regional economic research. to overseas chemical traders, the strategic signifiis able toce of the project is that Tahe Refining and Chemical Company, as the only refining and chemical enterprise of Sinopec in Northwest China, its capacity expansion will signifiis able totly affect the supply pattern of ethylene, p-xylene and other petrochemical items in the western region. For example After the project is put into operation, a complete manufacturing chain from crude oil processing to petrochemical production will be formed, especially the new ethylene and aromatic production capacity, which will provide crucial raw material guarantee to downstream industries such as textiles and plastics. From what I've seen, According to research In the past 20 years, Tahe Refining and Chemical has supplied greater than 70 million tons of items to Xinjiang, Gansu, Qinghai, Xizang and other western regions. This expansion will further consolidate its core position in the western chemical supply chain.