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Hundred Billion Investment! Focusing on Polyethylene, Elastomers...
Polyolefin people 2025-03-30 16:40:00

On March 26, at the "Tide Surging in Eastern China: Beilun Sees New Chapters with Global Intelligent Connections" - "2212" Major Project Concentrated Signing Ceremony, Daxie Petrochemical signed the investment agreement for Phase Six project with Beilun District Government. This signing is a significant milestone for Daxie Petrochemical’s advancement into the high-end new materials sector.

It is reported that CNOOC Petrochemical (Ningbo) grandpa petrochemical Co., Ltd. will invest billions to construct a series of production facilities for chemical new materials, clean energy, and high-end carbon materials, focusing on a diversified product system including polyethylene, elastomers, clean fuel, needle coke, etc. It will also improve relevant supporting facilities. Through the extension of the industrial chain layout, it aims to promote industrial upgrading and optimize the energy structure.

CNOOC Ningbo Daxie Petrochemical Co., Ltd. has grown from its establishment in Beilun in 2001, laying a solid industrial foundation with the Phase III distillate oil project, and achieving a production capacity leap with the Phase V refining and chemical integration project. Now, the company has entered the ten-million-ton level sequence, forming a dual-driven development pattern with million-ton level aromatics and million-ton level polyolefins. It is an important refining and chemical integration industrial base for CNOOC in the Yangtze River Delta region. "After the Phase VI project, which is now signed, reaches production, it will form a 'dual-engine drive' with the soon-to-be commissioned Phase V project, further extending and perfecting the enterprise's industrial chain," said Yu Qun, Chairman of Daxie Petrochemical.

 

Phase V Refining and Chemical Integration Project

The product upgrading and expansion project of Daxie Petrochemical's refining and chemical integration project includes the construction of 14 sets of new facilities, such as a 6 million tons/year atmospheric and vacuum distillation unit, a 3.2 million tons/year catalytic cracking unit, a 2.2 million tons/year wax oil hydrogenation unit, a 1.5 million tons/year continuous reforming unit, and a 1.5 million tons/year hydrocracking unit, along with supporting storage, transportation, utility, and auxiliary facilities. The project also includes 2×450,000 tons/year polypropylene units, which are currently the largest-scale polypropylene projects of the same series in China, with product types including homopolymers, random copolymers, and impact copolymers. Upon completion, Daxie Petrochemical's polypropylene production capacity will reach 1.2 million tons/year, which will help Daxie Petrochemical solidify its industrial foundation and develop and expand its industrial chain.

On February 24th, it was learned from the site of CNOOC Ningbo Daxie Petrochemical Co., Ltd.'s refining and chemical integration project that the project is set to commence operation in June this year. As of now, the refining section's 16 main production units and 14 auxiliary utility units have achieved mechanical completion, while the 3 chemical units are planned to reach mechanical completion by early May this year.

 

Daxie Petrochemical

Company Introduction: Located on Daxie Island in Ningbo, with a superior geographical location, the company is a large-scale refining and petrochemical enterprise integrating oil refining, chemical production, port terminals, and storage. Leveraging the resources and technological advantages of CNOOC, the company has achieved significant development in the refining and petrochemical sector.

Industrial chain: With refining as the core business, various refined products such as gasoline, diesel, and kerosene are produced through the refining of crude oil. At the same time, the by-products generated during the refining process are utilized for chemical production, producing some basic chemical raw materials, such as aromatics and olefins, to provide raw materials for downstream chemical enterprises.

Main products include refined oil products such as gasoline, diesel, and kerosene, as well as chemical feedstocks like aromatics and olefins. These products hold a certain market share domestically and provide vital energy and chemical raw material support for the economic development of surrounding regions.

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