Hengli says smooth running of new refinery down like PSF
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Hengli says smooth running of new refinery down like PSF

Views: 11     Author: Site Editor     Publish Time: 2019-03-26      Origin: Site

On the afternoon of March 24, Hengli Group Co.,Ltd. announced that the 20 million tons/year refining and chemical integration project has gone through the whole production process and successfully produced gasoline, diesel, aviation kerosene, PX and other products, and the production operation is stable. Since the groundbreaking of the project in April 2017, it took only 19 months to complete all the work from construction to production.

The project construction includes 20 million tons of atmospheric and vacuum units, 11.5 million tons of heavy oil hydrogenation units, 9.6 million tons of reforming units, 4.5 million tons of aromatic units, and 1.3 million tons of mixed dehydrogenation units. It is reported that the project uses the world's most advanced full hydrogenation and fluidized bed hydrogenation process to produce the highest quality refined oil and chemicals with the worst quality crude oil. It can produce 8.77 million tons of gasoline, diesel and aviation kerosene annually. The project also uses new technology to convert low-value-added products such as diesel, liquefied petroleum gas and light naphtha into high value-added chemical products. With 1.5 million tons of ethylene, it will achieve an annual output of 4.5 million tons of PX, 1.8 million tons of MEG, 850,000 tons of polypropylene, 400,000 tons of polyethylene, 820,000 tons of MTBE, 720,000 tons of styrene, 600,000 tons of lubricating oil, 400,000 tons of benzene, 140,000 tons of butadiene. 

It is worth mentioning that the project also has a unique competitive advantage in its own auxiliary facilities and capacity integration. The main supporting facilities include self-contained coal-fired power plants, self-built coal-to-hydrogen production of methanol, acetic acid and two 300,000 tons of crude oil terminals, refined oil terminals, crude oil tanks, etc.

In addition, with high capacity integration, the products from 4.5 million tons of PX and 350,000 tons of acetic acid units are directly piped to the adjacent Hengli Petrochemica's l PTA plant, which basically achieves self-sufficiency in upstream and downstream production capacity, which will save a lot of intermediate costs such as freight, import tax, and losses, compared wtih the imports. The coal chemical, refining and chemical sectors complement each other and rely on each other. Together with the advantages of raw materials and product storage and transportation systems, the project's operational flexibility and comprehensive cost advantages are greatly enhanced.

According to the current production situation, the 20 million tons/year refining and chemical integration project of Hengli is expected to achieve an annual output value of over 150 billion yuan and a profit and tax of 38 billion yuan in 2019. Some insiders said that the commissioning of the project will greatly enhance the position of Hengli in the industry. The output of refined oil products and high value-added chemical products such as PX will help to improve the company's profit level and build stronger sustainable profitability.