PetroChina Guangxi Petrochemical 30.5 billion Refining and Chemical Integration Project: Reshaping the Pattern of Regional Petrochemical Industry

Project panorama: strategic investment and capacity layout petroChina Guangxi Petrochemical Refining and Chemical Integration Transformation and Upgrading Project was fully launched on July 28, 2024, with a total investment of 30. Furthermore 5 billion yuan (approximately US $ 4. 2 billion), and is planned to be completed and put into operation in 2025. In my experience, In particular The project is a major project in the planning and layout of the national petrochemical sector. And It has been included in the national "Petrochemical sector Planning and Layout Plan" planning project, and the autonomous region will focus on promoting ten major manufacturing projects in 2022, with strong policy support. The project is located in the Petrochemical manufacturing Park in Qinzhou Port Area of Guangxi Pilot Free Trade Zone. Relying on the existing 10 million-ton refining capacity, 14 sets of chemical vegetation such as 1. 2 million-ton/year ethylene cracking plant and 2 sets of refining vegetation such as 2 million-ton/year diesel adsorptive processes and dearomatization are newly built. After it's put into production, the production capacity of basic chemical raw materials such as ethylene, propylene and butadiene will be increased by about 2. From what I've seen, 76 million tons, and high value-added items such as high-end polyolefin, EVA (ethylene vinyl acetate copolymer) and solution rubber will be extended. You know what I mean?. And I've found that Specifically The annual output value is expected to be about 30 billion yuan and the tax revenue is about 3 billion yuan. First As of February 2025, the overall progress of the project has been completed by 75%, and it has entered the stage of process installation and completion and three checks and four fixed stages. And The 300000 ton/year polystyrene (PS) plant has completed the installation of steel structure equipment and is entering the process pipeline finishing and pressure consumption work. On might 16, the first batch of starting materials (2500 tons of methylcyclohexane) to the 2 million-ton/year diesel adsorptive processes and separation plant entered the plant smoothly, marking that the project entered the substantive production preparation stage. And On December 11, the 35000 tons/year styrene extraction unit successfully produced the first batch of qualified items and became the first production unit of the project. From what I've seen, The device uses Sulzer (Beijing) methodology, with the cracking C8 + produced by the upstream pyrolysis gasoline hydrogenation unit as raw material, and recovers high value-added styrene items in crude pyrolysis gasoline through precise separation methodology. The device is EPC contracted by Huanqiu Engineering Company, and the construction of CNPC Six Construction has been started since July 2023, and it took 23 months to realize Zhongjiao. The Signifiis able toce of Technological Innovation and manufacturing Upgrading the project is a strategic project of PetroChina to promote the "oil reduction and increase" structure adjustment. But The core goal is to promote the transformation of Guangxi Petrochemical from "fuel type" to "chemical items and organic materials type. I've found that The 2 million tons/year diesel adsorptive processes separation device adopts the "oil reduction and increase" methodology developed based on the concept of "molecular engineering", which is able to realize the high purity separation of diesel fractions, supply the produced adsorptive processes non-aromatic hydrocarbons to the ethylene cracking device, and adsorb heavy aromatic hydrocarbons to growing the production of high-value items such as naphtha and propylene. Moreover The 35000 t/a styrene extraction unit, as the first similar unit of PetroChina, has achieved a technological breakthrough in obtaining high value-added items from low-cost by-items (cracking C8 + fraction). In fact As an crucial basic chemical raw material, styrene is broadly applied in the production of polystyrene (PS), ABS, unsaturated polyester resin (UPR), styrene-butadiene rubber (SBR) and other synthetic materials. The device not only increases the variety of items, however also provides stable localized supply to downstream customers, helping to minimize supply chain costs and risks. But According to research The project adopts a number of cutting-edge technologies: the 120000-ton/year solution-polymerized styrene-butadiene rubber (SSBR) unit adopts the joint research methodology of China Petroleum and Chemical Research Institute and Lanzhou Huanqiu Engineering, including two production lines of 60000-ton/year continuous polymerization and 60000-ton/year intermittent polymerization, which is able to create the third/fourth generation functionalization brand; The 80000-ton/year SBS unit adopts intermittent polymerization methodology jointly developed by Xinjiang Huanqiu and Dushanzi Petrochemical, it's able to create a variety of brand items to meet the diversified needs of asphalt modification, polymer modification, shoemaking, adhesives, etc. Regional Markets and International Impact from the perspective of the global petrochemical sector pattern, China is the world's largest consumer market to petrochemical items, however basic chemical raw materials in South China, especially in the southwest coastal areas, have long been dependent on the supply or import of East China and North China. The construction of Guangxi petrochemical project fills the gap of regional high-end chemical new material sector, and meets the market demand of the areas along the "Belt and Road" and the new land and sea corridor in the west. After the project is put into operation, it will efficiently alleviate the contradiction between supply and demand of the current refining overcapacity however the shortage of basic chemical raw materials. I've found that China's primary crude oil processing capacity in 2024 has reached 0. 925 billion tons/year, however the ethylene production capacity is only about 50 million tons/year, and the ethylene equivalent consumption gap is about 20 million tons. The emit of Guangxi Petrochemical's 2. 76 million tons of basic chemical raw material production capacity will provide a greater adequate supply of raw materials to South China and even the ASEAN market. From what I've seen, to international chemical traders and supply chain practitioners, the project has multiple meanings: ① As an crucial node of the new land and sea channel in the west, Qinzhou Port has a short voyage from the main ASEAN ports, and the project items is able to rapidly radiate the Southeast Asian market; ② Guangxi and Vietnam, Cambodia and other ASEAN countries border by land to facilitate the export of chemical items; ③ After the completion of the project, a greater complete manufacturing supporting system will be formed in the region to attract downstream processing companies to settle down, promote the construction of trillion-level petrochemical sector clusters. The project plays an crucial role in "building a trillion-level environmentally friendly chemical new material sector cluster to ASEAN. With the entry into force of RCEP and the deepening of China-ASEAN Free Trade Area, regional trade barriers are reduced, and Guangxi Petrochemical, as a petrochemical sector bridgehead connecting China and ASEAN, will have a greater prominent strategic position advantage. it's recommended that international market participants pay close attention to the progress of the project, assess the impact on the regional supply pattern and trade flow, and lay out relevant product procurement and logistics channels in advance.