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Home > News > Paint & Coating News > The latest project of this chemical enterprise has been put into full production

The latest project of this chemical enterprise has been put into full production

ECHEMI 2019-11-08

Anticorrosive-Coatings

Looking back from the record breaking review of Hengyi Brunei project, on July 12, the construction of phase I of the project was completed, and the plant achieved comprehensive medium delivery. In the subsequent trial operation stage, the "three zero" safety and environmental protection goals of "zero fire, zero injury and zero pollution" were achieved in the whole trial operation stage. At the same time, by overcoming a number of technical bottlenecks and production problems, in just two and a half months, 21 units including atmospheric and vacuum distillation unit, hydrocracking unit, coal diesel hydrogenation unit, aromatics unit and flexible coking unit have been successfully started at one time, 13 main products including gasoline, diesel, aviation coal, naphtha unit, chemical light oil unit and PX unit are all qualified, and the commissioning of refineries of the same scale in petrochemical industry has been created A new record of the fastest and best safety performance Nowadays, the smooth operation of Brunei refining and chemical project not only eliminates the risk of uncertainty in the construction period of overseas projects, but also lays a solid foundation for the realization of the international layout of production capacity.

At the same time, it is also a key project to speed up the upgrading of production capacity structure and implement the strategic development of the whole industrial chain of polyester chemical fiber. When the results of the third quarter report came out, the major securities companies highly expected Brunei refining and chemical project to contribute profits in the fourth quarter. At that time, Guojin securities estimated that Hengyi Brunei project would contribute 2 months of full production profits, and the profits would significantly increase. Now from the perspective of progress, Brunei project has gradually entered the full production state, and the subsequent performance growth of Hengyi Petrochemical is worth looking forward to. The Hengyi Brunei project welcomes historical opportunities. From the global economic outlook released by the world bank, the next decade will be the slowest since the 1990s. With the gradual withdrawal of central banks from monetary stimulus policies, the GDP growth of developed economies will further slow down, and may even reach 1.7% by 2020 In the year of global economic growth declining, European leaders stalling and emerging economies collapsing, Southeast Asia, where Brunei project is located, has generally achieved a high growth of more than 6%. In the view of many professional institutions, the economic development of Southeast Asia is facing historical opportunities, and Hengyi Brunei project is expected to benefit greatly The industrial upgrading of developed economies gives Southeast Asia the opportunity to undertake industrial transfer. And a stable political situation also gives them the ability to seize the opportunity.

Under the background of Global trade friction and tariff, Southeast Asia market has been achieved, which makes multinational enterprises open more factories in Southeast Asia According to a reporter's survey, from the perspective of global ready to wear consumer market performance, Southeast Asian manufacturing has gradually become the mainstream. At present, Hengyi Petrochemical has a polyester filament production capacity of 5.1 million tons / year, a polyester staple production capacity of 800000 tons / year, and a polyester bottle production capacity of 1.5 million tons / year. The organization agrees that if Hengyi Petrochemical builds a downstream polyester plant in Brunei, it will have a significant industrial chain advantage With the smooth progress of Brunei project, Hengyi Petrochemical will benefit greatly from its performance in the future. However, the Brunei refining and chemical project is only an important step for the enterprise to "go global". Hengyi petrochemical, with the whole industrial chain layout, is expected to take the refining and chemical project as the center, continue to deepen and expand its territory in Southeast Asia market, and consolidate the industrial chain integration strategy.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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