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25.One-million-ton ethylene project yields more than 100 billion yuan of industrial output value and promotes the development of chemical industry in Tianjin
http://www.tj-summerdavos.cn    2008-09-19 11:53

The ethylene refining and chemical project ofone-million-ton capacity is the first of this kinddesigned and constructed by Sinopec in China,in line with domestic- and international-leadingstandard. It meets international first-classstandard, taking the lead in domestic market.The project can be divided into three parts: thenewly built ethylene cracker of annual capacityof one million tons, the 12.5-million-ton-peryearrefinery reconstruction project and theauxiliary heat and electricity project.

Total investment of one-million-ton ethyleneproject is RMB 26.8 billion yuan, covering anarea of 294 hectare. Newly drafted land takesup 230 hectare, all of which is desolated land.The project will help implement scientific developmentpattern and circulative economyconcept, stimulate regional economic developmentand enhance the competence of Sinopecfrom a global perspective.

As the first project combining refinery andethylene cracker, the one-million-ton ethyleneproject will come up with several comprehensiveeffects: unifying auxiliary equipments,closely knitting the layout, shortening theindustrial process, securing material supply,high efficiency, utilizing land efficiently, savinginvestment and reducing cost. All thosefeatures will improve profitability and enhancecompetence of Sinopec.

Once completed, the project will become theproduction base of 10-million-ton refinery andone-million-ton ethylene. The yearly output ofhigh-quality and wide-range petroleum, chemicaland fiber products can reach 12 milliontons, which may accelerate the development ofChinese chemical industry.

The one-million-ton ethylene refining andchemical project is considered as the demonstrationproject at low cost, being ecologicalandenvironmental-friendly. It makes full use ofalkaline land, maintaining optimal allocationand utilization of land resources. The projectgives priority to desalinized seawater, implementssewage treatment thoroughly and increasesthe reuse rate of gray water. It reducesemission of waste gas, waste water and industrialresidue by strengthening classificationtreatment and comprehensive utilization ofpollutants.

As an important effort to enhance self-innovationof China’s petrochemical equipment, up to91.5 percent of the refining equipments will belocally produced, while 60 percent of the gearsfor the ethylene cracker is China-made. It will facilitatethe self-renovation of large-scale refineryand ethylene equipments in China and facilitatethe equipment manufacturing segment.

Once completed, it will supply nearly 2 milliontons of various petrochemical materials to enterprisesin Tianjin. These local enterprises willengage in a dozen of projects involving ethylene,such as ABS resin, SBS, styrene, butyl & octylalcohol and epichlorohydrin. It is believed thatthe project will help adjust the entire industriallayout of Tianjin, upgrade traditional chemicalindustry with chlorine and alkali as typical representativeand combining the salt-based chemicalindustry and petrochemical industry.

The project will also accelerate the developmentof local middle-and-down streampetrochemical industry and stimulate relatedbusinesses involving harbor, logistics, storageand so on and so forth. Related investment ofabout 50 billion can be expected, involving thethree million tons/year LNG Project and NorthChina Pipeline & Storage Engineering projectinvested by Sinopec. It is estimated that thoseprojects can stimulate more than RMB 100billion yuan in term of industrial output valueevery year, exerting accumulative effects onindustries in Tianjin and its neighborhood.

The one-million-ton ethylene refining andchemical project is the first extra-large projectapproved by State Council after Tianjin BinhaiNew Area was written into the national developmentstrategy. This landmark project is aspecific step to fulfill the special policy grantedby the Central Government to the Binhai NewArea, taking the lead in the construction ofBinhai Industry Park at a national level.


From:Enorth.com.cn    Editor: Zhao Jing
 
Preparatory & Coordination Committee of Annual Meeting of the New Champions 2008