China Optimizes Petrochemical Production with 50 Million Tons Capacity

The Zhenhai refinery, following a strategic expansion, consolidates the Ningbo base as a major player in China's petrochemical sector.

Share:

China asserts its leadership in the petrochemical sector with the completion of a key expansion at the Zhenhai refinery, operated by China Petroleum & Chemical Corporation (Sinopec). Located in the strategic Yangtze River Delta region, this extension increases the annual refining capacity of the Ningbo petrochemical base to an impressive total of 50 million tons, solidifying its position as the country’s largest petrochemical platform.

A Driver for China’s Strategic Industry

This investment, valued at 41.6 billion yuan (CNY), integrates state-of-the-art infrastructure including 18 advanced production units. The technologies implemented, such as catalytic cracking and propane dehydrogenation, play a vital role in supplying key industries like automotive, textiles, and household appliances.

A Model for Innovation and Efficiency

The project is distinguished by significant technological advancements, such as the introduction of ten localized high-level technologies, including the world’s highest-performance labyrinth vertical compressor. The integration of a digital industrial system enhances decision-making and operational management. Moreover, ambitious energy-saving measures have achieved an overall energy consumption reduction of 11.7%.

A Globally Competitive Hub

The Zhenhai refinery, now capable of producing 2.2 million tons of ethylene annually, strengthens its strategic role in the global market. Ranked among the top performers in the Solomon Global Ethylene Performance Evaluation, this infrastructure reflects China’s industrial and economic ambitions.

The detection of zinc in Mars crude extracted off the coast of Louisiana forced the US government to draw on its strategic reserves to support Gulf Coast refineries.
Commissioning of a 1.2-million-ton hydrocracking unit at the TANECO site confirms the industrial expansion of the complex and its ability to diversify refined fuel production.
Oil stocks in the United States saw an unexpected rise of 7.1 million barrels as of July 4, defying analyst expectations of a decline, according to the U.S. Energy Information Administration (EIA).
Petro-Victory Energy announces the completion of drilling operations for the AND-5 well in the Andorinha field, Brazil, with positive reservoir results and next steps for production.
The Colombian prosecutor’s office has seized two offices belonging to the oil company Perenco in Bogotá. The company is accused of financing the United Self-Defense Forces of Colombia (AUC) in exchange for security services between 1997 and 2005.
Indonesia has signed a memorandum of understanding with the United States to increase its energy imports. This deal, involving Pertamina, aims to diversify the country's energy supply sources.
VAALCO Energy continues to operate the Baobab field by renovating its floating platform, despite modest production. This strategy aims to maintain stable profitability at low cost.
An empty reservoir exploded at a Lukoil-Perm oil facility in Russia, causing no injuries according to initial assessments pointing to a chemical reaction with oxygen as the cause of the accident.
The British Lindsey refinery has resumed fuel deliveries after reaching a temporary agreement to continue operations, while the future of this strategic site remains under insolvency proceedings.
BP and Shell intensify their commitments in Libya with new agreements aimed at revitalizing major oil field production, amid persistent instability but rising output in recent months.
The private OCP pipeline has resumed operations in Ecuador following an interruption caused by heavy rains, while the main SOTE pipeline remains shut down, continuing to impact oil exports from the South American country.
McDermott secures contract worth up to $50 million with BRAVA Energia to install subsea equipment on the Papa-Terra and Atlanta oil fields off the Brazilian coast.
A bulk carrier operated by a Greek company sailing under a Liberian flag suffered a coordinated attack involving small arms and explosive drones, prompting an Israeli military response against Yemen's Houthis.
The Canadian government is now awaiting a concrete private-sector proposal to develop a new oil pipeline connecting Alberta to the Pacific coast, following recent legislation intended to expedite energy projects.
Petrobras is exploring various strategies for its Polo Bahia oil hub, including potentially selling it, as current profitability is challenged by oil prices around $65 per barrel.
Brazilian producer Azevedo & Travassos will issue new shares to buy Petro-Victory and its forty-nine concessions, consolidating its onshore presence while taking on net debt of about USD39.5mn.
Major oil producers accelerate their return to the market, raising their August quotas more sharply than initially expected, prompting questions about future market balances.
Lindsey refinery could halt operations within three weeks due to limited crude oil reserves, according to a recent analysis by energy consultancy Wood Mackenzie, highlighting an immediate slowdown in production.
The flow of crude between the Hamada field and the Zawiya refinery has resumed after emergency repairs, illustrating the mounting pressure on Libya’s ageing pipeline network that threatens the stability of domestic supply.
Libreville is intensifying the promotion of deep-water blocks, still seventy-two % unexplored, to offset the two hundred thousand barrels-per-day production drop recorded last year, according to GlobalData.