Sunya Get smarter about energy transition
  • Home
  • Industry News
  • Newsletter
  • Podcast
  • Contact Us
Sunya
Industry News
December 26, 2024

Sinopec Completes Construction of China’s Largest Petrochemical Industrial Base

Newsfeed
Sinopec Completes Construction of China’s Largest Petrochemical Industrial Base:

Refining Capacity of the Base Surpasses 50 Million Tons per Year

NINGBO, China, Dec. 25, 2024 /PRNewswire/ — China Petroleum & Chemical Corporation‘s (HKG: 0386, “Sinopec”) recently announced the mechanical completion of the second-phase expansion and advanced materials project at its Zhenhai Refinery. This milestone sets new benchmarks 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 a total refining capacity of 50 million tons annually. The achievement solidifies its position as China’s largest, most advanced, and globally competitive petrochemical industrial base.

Located in the Yangtze River Delta, a key downstream product consumption hub, the Zhejiang Ningbo Petrochemical Industrial Base plays a vital role in Sinopec’s value chain. The second-phase expansion and advanced materials project, with a total investment of CNY 41.6 billion, incorporates 18 production units, including atmospheric distillation, catalytic cracking, polypropylene, and propane dehydrogenation units. By emphasizing chemical-focused processes, the project creates multiple high-value-added supply chains.

The facility’s expanded production capacity supports the development of high-end polyolefins, advanced materials, and specialty chemicals. It is expected to provide approximately 8 million tons of petrochemical products annually, significantly boosting the overall capacity of supply chains for industries such as automotive, home appliances, and textiles in the region. This expansion is forecast to generate trillions of yuan in upstream and downstream industrial value.

The project achieved remarkable progress in technological innovation and sustainability. Highlights include:

  • Localization of 10 core technologies, including the world’s highest-load vertical labyrinth compressor.
  • Extensive deployment of smart technologies, enabling simultaneous delivery of digital and physical factories.
  • Integration of a fully localized industrial operating system and a self-developed industrial internet platform to enhance decision-making and management.
  • Implementation of comprehensive energy-saving measures, achieving an overall reduction in energy consumption of 11.7%.
  • Safety and quality were paramount during construction, with over 90 million consecutive safe man-hours recorded and a 100% quality pass rate for all units, setting a new industry benchmark.

Zhenhai Refinery, Sinopec’s largest integrated refining and chemical enterprise, boasts an ethylene production capacity of 2.2 million tons per year. It is also the only enterprise in China consistently ranked in the top performance group of the Solomon Global Ethylene Performance Evaluation.

SOURCE SINOPEC

TAGS: #industrynews
PREVIOUS ARTICLES
Home > Industry News
December 26, 2024

Berry Corporation Announces Successful Completion of Refinancing Transactions, Extending Debt Maturities

NEXT ARTICLES
Home > Industry News
December 26, 2024

BAIYU Ventures into U.S. Automotive Parts and Energy Storage Lithium Battery Related Businesses

Comments are closed.
Related Post
April 16, 2024
DIU – Three Additional Next Generation Geothermal
May 23, 2024
Verse™ Secures $20.5 Million in Series A
February 27, 2025
Clearloop Announces Multi-Year Agreement with Microsoft to
April 23, 2024
North Dakota Monitor – Summit, in second

Recent Posts

  • TPG Rise Climate Acquires Aurora Energy Research from CGE Partners
  • rPlus Energies Secures Over $500 Million in Tax Equity Financing with RBC Community Investments for 800 MW Green River Energy Center
  • HONEYWELL, JOHNSON MATTHEY, GIDARA ENERGY AND SAMSUNG E&A FORM SAF TECHNOLOGY ALLIANCE
  • TAE Technologies Raises $150 Million in Latest Funding Round
  • Ormat Technologies Announces Strategic Leadership Changes

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023

Categories

  • Industry News
  • Newsletter
  • Podcast
Scroll To Top
© Copyright 2024 Sunya Technologies Inc.