Rongsheng Petrochemical announced on the evening of January 12 that its holding subsidiary Zhejiang Petrochemical’s 40 million tons/year refining and chemical integration project (Phase II) was fully put into operation. Up to now, the refining, aromatics, ethylene and downstream chemical equipment of the second phase of the project have been fully put into trial operation, and the whole process has been opened up. The company will further improve the debugging of relevant process parameters and improve the level of production and operation.
Rongsheng Petrochemical stated that after the second phase of the project is put into operation, Zhejiang Petrochemical will add 20 million tons/year refining capacity, 6.6 million tons/year aromatics and 1.4 million tons/year ethylene production capacity, chemical product yield, richness and product added value. Further improve.
Big Mac project ranks as the fifth largest refinery in the world
Crushing overseas and related chemical product markets
Rongsheng Petrochemical holds 51% of Zhejiang Petrochemical. The Zhejiang Petrochemical project plans to have a total crude oil processing capacity of 40 million tons per year. It is located in the Ningbo Zhoushan Petrochemical Base. The total investment in the first and second phases is expected to be 173 billion yuan.
After the current two phases are fully put into operation, Zhejiang Petrochemical will become the fifth largest refinery in the world with its 40 million tons/year crude oil processing capacity. In addition, Ningbo Zhoushan Petrochemical Base also has a third-phase 20 million tons refining and chemical integration project under planning.
Global refining capacity ranking
In addition to Zhejiang Petrochemical, the world-class refineries currently under construction include ultra-large refining facilities: Kuwait National Petroleum Company’s 615,000 barrels/day (30.75 million tons/year) large refinery in Al-Zour; Saudi Aramco The joint venture RRPL refinery with India has a planned production capacity of 1.2 million barrels per day (60 million tons per year).
At the same time, the commissioning of large-scale private refining and chemical integration projects with a capacity of 10 million tons has had a devastating impact on traditional fuel-based refineries, and foreign refinery operations are also facing major challenges. The gradual launch of the second-phase products of Zhejiang Petrochemical on the market will further crush the overseas refining and other chemical markets, and its competitive advantages will be highlighted.
The Zhejiang Petrochemical project has the advantages of large-scale equipment, high-end products, and clean processes. 62% of the refining products of Zhejiang Petrochemical will be used as raw materials for ethylene and aromatics, with a relatively high proportion of chemicals. At the same time, the diesel-gasoline ratio is only 0.46, which is also more In line with my country’s diesel and gasoline supply and demand structure.
On the other hand, the gasoline and diesel produced meet the “National VI” standard. At the same time, it produces a lot of PX and ethylene glycol, and produces a lot of high-end polyolefin materials. In addition, it also introduces German polycarbonate technology to produce high-end polycarbonate. With the first phase of the Zhejiang Petrochemical Project put into operation and the steady advancement of the second phase, Rongsheng will have an integrated industrial chain of “crude oil – fuel oil, naphtha – aromatics, olefins – PTA, MEG – polyester – spinning – texturing” ized competitive advantage.
Private enterprises bear the brunt
International giants are coming to share the pie, and the petrochemical industry is facing great changes
In recent years, China’s petrochemical industry has ushered in a wave of large-scale refining and chemical integration project planning, construction, and commissioning. Among them, private enterprises, major operating units, and international giants have rushed to seize the opportunity, which will have a profound impact on the future petrochemical market. Private enterprises are focusing on building an integrated refining and chemical industry chain. In addition to the Dalian Changxing Island project of Hengli Group and the Zhejiang Petrochemical refining and chemical project, the Shenghong Refining and Chemical Project and Sinochem Xuyang Refining and Chemical Project are also about to be put into operation.
Paraxylene production capacity deployment status of private refining and chemical integration projects
International giants are also coming to China’s refining and chemical market to get a share of the market. In addition to the progress of wholly foreign-owned petrochemical projects such as Exxon Mobil and BASF, Shell, SABIC, and Saudi Aramco will cooperate with domestic petrochemical companies in the field of refining.
With the gradual advancement of these large-scale refining and chemical integration projects, the pattern of China’s petrochemical industry is bound to undergo new and dramatic changes. Participants in our market industry must follow up in a timely manner, adjust themselves, and find new opportunities in such a change.
Space is listed in the Fortune Global 500 for the first time
Rongsheng Holdings achieves remarkable results in 2021
Zhejiang Rongsheng Holding Group has achieved remarkable results this year. It was listed on the Fortune Global 500 for the first time in 2021, ranking 255th; in the list of the top 50 global chemical companies in 2021 released by the US “Chemical and Engineering News” (C&EN), Rongsheng Petrochemical entered the top 50 for the first time this year, ranking 42nd; the second phase of its 40 million tons/year refining and chemical integration project of Zhejiang Petrochemical Co., Ltd. has been put into operation, and the third phase of the plan will move towards new materials and refinement.
1. Listed on the Fortune Global 500 for the first time in 2021, ranking 255th
In the 2021 Fortune Global 500 ranking, Zhejiang Rongsheng Holding Group entered the list for the first time with annual operating income of US$44.7259 billion, ranking 255th. “Fortune” issued certificates to representative companies of the world’s top 500 companies, and Xiang Jiongjiong, general manager of Rongsheng Petrochemical, came to the stage to receive the certificate.
2. List of the top 50 global chemical companies in 2021,Ranked 42nd
On July 26, 2021, the US Chemical and Engineering News (C&EN) released the list of the top 50 global chemical companies in 2021. Rongsheng Petrochemical, a new member on the list, ranked 42nd with a value of US$8.359 billion.
In addition, Rongsheng Petrochemical stated that the third phase of Zhejiang Petrochemical is in the planning process, and the third phase planning will move towards new materials and refinement.
At present, Rongsheng has opened up the aromatics industry chain of “crude oil – aromatics – PTA, ethylene glycol – polyester (bottle flakes, polyester yarn, film)”, and also has the olefins industry chain of “crude oil – olefins – synthetic resin” and gasoline and diesel. Kerosene refined oil. With the orderly commissioning of the second phase of Zhejiang Petrochemical, Rongsheng’s products will cover the three major synthetic materials of synthetic resin, synthetic fiber and synthetic rubber.
Rongsheng is actively accelerating the layout of new energy and renewable resource industries. Currently, it has 25,000 tons/year of photovoltaic backsheet base film (polyester film) and 200,000 tons/year of dimethyl carbonate (DMC) used in lithium battery electrolyte. ) products, when the second phase of Zhejiang Petrochemical is fully put into operation, there will also be 300,000 tons/year of ethylene-vinyl acetate copolymer (EVA) products used in the photovoltaic industry. Rongsheng’s polycarbonate (PC) products are prepared using non-phosgene process technology (CO2 as raw material). Currently, it has a production capacity of 260,000 tons/year. The second phase of Zhejiang Petrochemical Company has an additional 260,000 tons/year PC under construction. . Rongsheng’s Hainan Yisheng petrochemical base has 50,000 tons/year of recycled food-grade polyethylene terephthalate resin (RPET) about to be put into production, and another 90,000 tons/year of production capacity is under planning.
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