The refining capacity of the base exceeds 50 million tons annually
Ningbo, China, December 25, 2024 /PRNewswire/ — China Petroleum Corporation (OTC:) and Chemical Corporation(HKG: 0386, “Sinopec (OTC:)”) recently announced the mechanical completion of the Phase II expansion project and advanced materials at its plant Zhenhai refinery. This achievement sets new standards for innovation, smart manufacturing and energy efficiency in large-scale projects. The refinery's capacity has now been upgraded to 40 million tons per year, contributing to the Zhejiang Ningbo Petrochemical Industrial Base surpassing the total refining capacity of 50 million tons per year. Achievement enhances her status China The world's largest, most advanced and competitive petrochemical industrial base.
located in Yangtze River DeltaAs a major final product consumption center, Zhejiang Ningbo Petrochemical Industrial Base plays a vital role in Sinopec's value chain. The second phase expansion project and advanced materials with total investments 41.6 billion Chinese yuanIt includes 18 production units, including atmospheric distillation, catalytic cracking, polypropylene, and propane dehydrogenation units. By focusing on chemical-focused operations, the project creates multiple supply chains with high added value.
The facility's expanded production capacity supports the development of advanced polyolefins, advanced materials and specialty chemicals. It is expected to supply approximately 8 million tons of petrochemical products annually, significantly enhancing the overall supply chain capacity of industries such as automobiles, home appliances and textiles in the region. This expansion is expected to generate trillions of yuan in upstream and downstream industrial value.
The project has achieved remarkable progress in the field of technological innovation and sustainability. Highlights include:
Localization of 10 core technologies, including the world's highest tonnage vertical maze compressor.
Massive deployment of smart technologies, enabling simultaneous delivery of digital and physical plants.
Integrating a fully local industrial operating system and self-developed industrial Internet platform to enhance decision-making and management.
Implemented comprehensive energy saving measures, resulting in an overall reduction in energy consumption of 11.7%.
Safety and quality were extremely important during construction, with over 90 million consecutive safe man hours logged and a 100% pass rate for all units, setting a new standard for the industry.
Zhenhai refineryIt is Sinopec's largest integrated refining and chemical enterprise, with an ethylene production capacity of 2.2 million tons per year. It is also the only institution in China Consistently ranked among the top performers in Solomon's Global Ethylene Performance Evaluation.
