Sinochem Holding Plans to Build 12 Million Tons/Year Oil Refining, 1.2 Million Tons/year Ethylene And High-end Polyolefin Projects

Recently, Dongying City announced the "Notice of Dongying Municipal People's Government on Announcement of Key Projects in 2022", and put forward a list of key construction projects. The list includes Sinochem Group's Shandong chemical raw material base project, which plans to build 1.2 million tons of ethylene, and downstream supporting HDPE, EVA and PO and other devices.

Sinochem Holding Co., Ltd. Shandong Chemical Raw Material Base Project

The project is located in Huaxing Petrochemical Industrial Park. It plans to refine 12 million tons/year of oil, 1.2 million tons/year of ethylene, high-end polyolefins, organic chemicals, special synthetic rubber and synthetic resins and other chemical products. In 2022, it plans to invest 5 billion yuan to complete the feasibility study, basic design, and preliminary procedures. As early as 2018, the project was included in the key projects of Shandong Province.

Main contents of the project:

1. oil refining system. Renovation and expansion of the refining unit, the oil yield is reduced from 70% to 40%, and the process route of "atmospheric and vacuum distillation + continuous reforming + wax oil hydrocracking + flexible coking" is used to produce no gasoline, only diesel;

2. chemical system. Construction of ethylene steam cracking and downstream chemical plants. Planning FDPE (including mLLDPE), HDPE, EVA, SBR, acrylonitrile, PO/SM, ABS and other chemical plants.