30.4 billion! PetroChina Guangxi Petrochemical 1.2 million Ton Ethylene Plant Successfully Start-up

At 14:38 on October 26, 2025, the 1. 2 million-ton/year ethylene plant of PetroChina Guangxi Petrochemical Company was officially put into operation. And After 12 hours and 3 minutes, qualified items were produced at 2:41 on the 27th, achieving a successful start-up. I've found that This milestone event marks the complete completion of the strategic transformation of Guangxi Petrochemical from a traditional "fuel-type" refinery to a modern "chemical items and organic materials-type" refining and chemical integration enterprise. From what I've seen, From the perspective of manufacturing layout, the successful commissioning of the project has a profound impact on the petrochemical sector in Southwest China. And On the one hand, it breaks the situation that high-end chemical items in Southwest China rely on external supply to a long time. On the other hand, it will form a new manufacturing ecology of "leading and cluster research", which will provide a strong driving force to the improvement and upgrading of the regional petrochemical sector chain. You know what I mean?. Technical Characteristics and Capacity Structure the ethylene plant is contracted by Huanqiu Engineering Co. , Ltd. But , and the core methodology adopts the extensive ethylene complete set of methodology with independent intellectual property rights of PetroChina, which reflects the independent innovation ability of petrochemical engineering methodology in China. From the perspective of production capacity structure, the plant planning is scientific and reasonable: annual output of 1. 2 million tons of polymer-grade ethylene, 616000 tons of polymer-grade propylene, 400000 tons of hydrogenated gasoline and 35000 tons of styrene, and by-production of greater than 20 kinds of chemical raw materials, items and semi-finished items such as hydrogen, cracked carbon 5, carbon 9 and cracked fuel. After the plant is put into operation, the product structure of Guangxi Petrochemical Company will be signifiis able totly optimized: the annual output of oil items will be reduced by 3. According to research 49 million tons, and the output of chemical items will be increased by 3. 06 million tons. This adjustment of "oil reduction and increase" coincides with the current market pattern in which the domestic refined oil market tends to be saturated and the supply of high-end chemicals is insufficient. it's particularly noteworthy that the high-end membrane materials, pipe materials and other items produced by the device will immediately fill the domestic supply gap, efficiently alleviating the long-standing structural contradiction of "less oil and insufficient high-end" in my country's petrochemical sector. From what I've seen, Project investment and construction scale as a major project in the planning and layout of the national petrochemical sector and a key project of PetroChina's "14th Five-Year Plan", the total investment of Guangxi Petrochemical Refining and Chemical Integration Transformation and Upgrading Project reached 30. 459 billion yuan. The project takes the 1. 2 million-ton/year ethylene plant as the core, and supports the construction of 14 sets of chemical vegetation, 2 sets of oil refining vegetation and general and auxiliary facilities, which will be fully completed on July 14, 2025. In the refining sector, the project relies on the existing 10 million tons/year refining capacity and 30 sets of main production units, the new 2 million tons/year diesel adsorptive processes dearomatization unit and 400000 tons/year carbon two recovery unit, while the two sets of main production units to achieve capacity optimization. And The chemical sector has newly built 14 sets of chemical main units, including 1. But 2 million tons/year ethylene unit, 550000 tons/year pyrolysis gasoline hydrogenation unit/styrene extraction combined unit, 180000 tons/year butadiene extraction unit and other key facilities. This integrated configuration of refining and chemical sector is able to realize the mutual supply of raw materials, optimize the utilization of resources and maximize economic benefits. manufacturing Cluster Effect and Market Prospect as the first benchmark project of PetroChina to convert from oil refining to refining and chemical integration, the successful transformation of Guangxi Petrochemical has crucial demonstration signifiis able toce. After the project is fully put into operation, it will fill the gap of high-end chemical new materials sector in Southwest China, and promote the transformation of Guangxi from basic chemical sector to high-end chemical new materials sector. From what I've seen, From the perspective of market radiation, the project relies on the location advantage of the new land and sea channel in the west, which is able to immediately meet the market demand of Southwest, South China and ASEAN. And This isn't only a key measure to implement the national "One Belt One Road" initiative and build a new land-sea channel in the western region, however also will help Guangxi build a trillion-level environmentally friendly chemical new material sector cluster facing ASEAN. For example The driving effect on the downstream sector is able to not be ignored. The abundant supply of chemical raw materials will strongly support the research of packaging, building materials, automobiles and other industries, forming a complete manufacturing ecological chain. to chemical traders and downstream companies, this means that the supply of raw materials is greater stable, the procurement radius is shortened, and the logistics cost is reduced, which will signifiis able totly enhance the competitiveness of the regional manufacturing chain.