CGTN’s Post

China is rapidly transforming the petrochemical landscape with its construction of mega-complexes on Dayushan Island. This shift not only exemplifies China's strategy to integrate and dominate various segments of the petrochemical market but also highlights the challenges faced by traditional producers in Europe and Japan, who are grappling with increased competition and market oversupply. #PetrochemicalIndustry #GlobalTrade #Innovation #China #MarketDynamics #ShipandShoreEnvironmental

Shandong Province has decided to do away with "samovars". The refinery of the Chinese company Yulong is the only new major refinery in China this year, and it is being launched against the backdrop of falling refining margins in the PRC. China's Yulong has started the start-up of one of two new 200,000 bpd crude processing units at its new plant in eastern China, sources told Reuters. The refinery took four years to build. The project is 51 percent owned by aluminum maker Nanshan Group and 46.1 percent by regional authorities. The 400,000 bpd refinery is the only major refinery to come online this year in China and one of the last new plants to be built. Yulong's start-up comes as oil refining in the country falls. "Yulong started the refinery at the request of the provincial government, although the company itself was concerned about very low profitability in the current market conditions," the source told Reuters. The $20 billion project, which includes a 400,000 bpd refinery, a 3 million tonne/year ethylene complex and a 3 million tonne/year paraxylene plant, is the cornerstone of a refining revamp in Shandong, home to dozens of small, independent refineries known as "samovars". https://lnkd.in/ePvbq_fQ

🇨🇳 A Sinopec International Petroleum Service Corporation subsidiary completed a second-phase expansion and advanced materials project to respectively increase crude oil processing capacity and production of high-value specialty chemicals at its complex in eastern China's Zhejiang province. The nearly $5.7 billion Phase 2 expansion collectively has lifted ZRCC's crude processing capacity at the refinery by 17 million tonnes/year (tpy) to 40 million tpy, as well as added 8 million tpy in fresh production capacity to support development of high-end polyolefins, advanced materials, and specialty chemicals for automotive, home appliances and textiles industries in the Yangtze River Delta region. Source : Oil & Gas Journal #oilproduction #oiltrading

📢 #China Zhenhua #Petrochemical puts its #PDH plant into trial #production 𝐙𝐡𝐞𝐧𝐡𝐮𝐚 𝐏𝐞𝐭𝐫𝐨𝐜𝐡𝐞𝐦𝐢𝐜𝐚𝐥's 750,000 t/y PDH plant entered the trial production by the end of July, but has not yet produced qualified products. It is expected that the operating rate of 𝐙𝐡𝐞𝐧𝐡𝐮𝐚 𝐏𝐞𝐭𝐫𝐨𝐜𝐡𝐞𝐦𝐢𝐜𝐚𝐥 might stay at 50% in August, and may ramp up the production given proper imported propane prices. However, the August contract price for propane increased by $10/t to $590/t, equivalent to an import cost of Yuan 5,228/t. Moreover, the production resumption of 𝐍𝐢𝐧𝐠𝐛𝐨 𝐊𝐢𝐧𝐠𝐟𝐚, 𝐉𝐢𝐚𝐧𝐠𝐬𝐮 𝐑𝐮𝐢𝐡𝐞𝐧𝐠 and 𝐅𝐨𝐫𝐦𝐨𝐬𝐚 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 𝐍𝐢𝐧𝐠𝐛𝐨 in August will be offset by the overhaul of 𝐓𝐢𝐚𝐧𝐣𝐢𝐧 𝐁𝐨𝐡𝐮𝐚, 𝐖𝐚𝐧𝐡𝐮𝐚 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 and 𝐋𝐢𝐚𝐨𝐧𝐢𝐧𝐠 𝐊𝐢𝐧𝐠𝐟𝐚. Therefore, it is expected that China's PDH operating rates will fluctuate around 71-75% in August, from an average of 75.24% in July.... ...... 👉 𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://lnkd.in/dyfZkcBY 👇 OilChem's 𝑳𝑷𝑮 𝑫𝒂𝒕𝒂 𝑷𝒂𝒄𝒌𝒂𝒈𝒆 offers data of the #LPG industry chain at a high level of granularity, check out more here: https://lnkd.in/d_zsk8CV

Elementos Limited is pleased to see that US #tin recycler to receive US$19m from Department of Defense to build downstream smelting and refining capacity. Highlighting the importance of new independent sources of #tin to historic supply regions. $ELT.AX is developing a new vertically integrated mine-metal (mine & smelter) #tin project within #Spain. This will be the #EU’s only ‘domestic’ mined supply of #tin ingot - a clear goal of the #CRMA legislation. The International Tin Association Ltd says: “it is interested to see further focus on smelting and refining capacity ex-China, particularly in the world’s second largest tin consuming nation which is over 70% reliant on imports. Concerns about supply chain risk continue to grow, likely heightened by the current supply-side disruptions in Indonesia and Myanmar which will likely see the refined tin market fall into a 10,400 t deficit in 2024.” https://lnkd.in/gyMdPCVe

China's largest petrochemical industrial base has been fully completed. On Dec 19, the 2nd phase of the capacity expansion and high-end new materials project of SINOPEC's Zhenhai Refining & Chemical (ZRCC), a key project of Zhejiang Province's "14th Five-Year Plan", was fully mechanically completed, setting a number of records in the construction of domestic projects of the same size, including the most extensive application of independent innovation, the highest degree of intelligence, and the best energy saving & consumption reduction. So far, the refining capacity of ZRCC has been increased to 40 million tons (mt/a), making the total refining capacity of the Zhejiang Ningbo Petrochemical Base where it is located exceed 50 mt/a, making it the largest, most technologically advanced, and most competitive world-class petrochemical industrial base in the country. The Ningbo Petrochemical Industrial Base in Zhejiang is located in the Yangtze River Delta region & is a consumption center for downstream petrochemical products. The total investment in the Phase II capacity expansion & high-end new materials project of ZRCC is 41.6 billion yuan, covering 18 units such as atmospheric distillation, catalytic cracking, polypropylene, & propane dehydrogenation. The new production capacity is fully focused on chemical processes, which will give rise to a number of high-value-added characteristic industrial chains such as "refining-propane dehydrogenation-propylene-acrylonitrile-ABS/methionine, refining-liquefied gas-isononanol-environmentally friendly plasticizers", focusing on the development of high-end polyolefins, high-end new materials, high-end chemicals and other products, which can provide nearly 8 mt/a of related products to the downstream each year, providing strong support for the integrity and competitiveness of the industrial chain of advantageous industries such as automobiles, home appliances, & textiles in the Yangtze River Delta region, & driving the trillion-level output value of the upstream & downstream industrial chains. Sinopec International Petroleum Service Corporation #zhenhai #zrcc #refining #petrochemicals

🇨🇳China´s largest, most Intelligent petrochemical industrial base completed 🇨🇳 ♻️ Zero emissions ♻️ ✅ Chinese state oil giant SINOPEC has recently completed construction on the country's largest and most intelligent petrochemical industrial base in east China's Ningbo city. ✅ The Zhenhai Refining and Chemical Base, spanning more than 23 square kilometers, has achieved zero emissions and is viewed as a standard in China's ongoing green transformation. ✅ The refinery also produces SAF, sustainable aviation fuel, made by recycling discarded cooking oil. ✅ Currently it can process 100,000 tons per year, roughly equivalent to the cooking oil that could be collected from the restaurant industry in a city with 10 million people. ✅ With the completion of the project, the total refining capacity in Ningbo city has exceeded 50 million tons. Source: #ShanghaiEye YT Rastko Litricin Luis L. Christine Raibaldi Stay up to date with me 🛎️💥👉 Miloš Kučera 🛎️ Activate Bell for all posts 🌃Join to 79k followers on my #LinkedIn | 53M+ impressions | Post 4 | 2025 #industrial #technology #innovation #zeroemission #china

ARE YULONG OR ARE YOU SHORT?   China’s next major grassroots refinery, Yulong, has received 8.3mmt (over 60mmb) of crude import quotas this year – far more than is required, especially considering the refinery is yet to be completed. We hear they have already bought some spot cargoes (2x ESPO, 1x Sokol, and 1x Oman), and are seeking more for May arrival. With its two FCCs and three HDCs, we expect Yulong to maximise the production of petrochemical feedstock. The majority of the refinery’s products will serve as feedstock for its associated petchem plant (two 1.5 mmtpa crackers and one 3 mmtpa BTX unit). However, there are definitely some bottlenecks ahead: 1. Official approvals for downstream PX units are yet to be obtained. 2. Crude pipeline from Yantai port (VLCC berths) to Longkou port (closest to Yulong) is still under construction. As a result, we don’t see trials starting until 4Q 2024, reaching stable output mid-2025. Even best case scenario of trials starting July/Aug 2024 would only mean on-spec production in early 2025.   With the Chinese markets increasingly difficult to comprehend and forecast, get in touch to find out more about our China specific offerings. #FGE #Crude #Oil #China #Petchem

Statistics: China’s local PP production rose above 3 million tons for the first time in October Read the full report here: https://buff.ly/3CX5dF1 The surge in production aligns with the commissioning of new plants and highlights China’s aggressive approach to achieving greater self-reliance in the petrochemical sector. This upward trajectory is expected to continue as additional facilities come online between the final quarter of 2024 and the first quarter of 2025.

Eastern Pacific Shipping Pte. Ltd. has made a #pioneering move by placing the first-ever order for ultra-large ethane carriers (#ULECs). This #innovative step marks a significant #milestone in the #shippingindustry, with EPS securing contracts for six 150,000-cbm ULECs at Jiangnan Shipyard in China, and negotiations underway for two more at HD Hyundai Heavy Industries in South Korea. These vessels will have 50% more capacity than the largest current very large ethane carriers (VLECs). The ULECs will be equipped with type-B cargo tanks capable of carrying #ethane, #ethylene, and #LPG, positioning EPS at the forefront of #maritimeinnovation. These vessels are scheduled for delivery in 2027 . These new breed of large vessels set to emerge as long-haul trades from US to Asia ramp up. This #strategic move aligns with the growing global demand and capacity for ethane as a petrochemical feedstock to produce ethylene for plastics production that has been growing and with it the demand for larger vessels to take advantage of economies of scale. This bold venture not only highlights EPS’s #commitment to #innovation but also sets a new standard in the #shipping industry. #futureofshipping #supplychain #visionaryleadership For more insights into this transformative development, please refer to the link: https://lnkd.in/en5MZ_3K