On March 28, 2023, the commencement ceremony of PetroChina Guangxi Petrochemical Refining and Chemical Integration Transformation and Upgrading Project and Huayi Qinzhou Chemical New Materials Integration Base Phase III Project Methanol to Olefin and Downstream Deep Processing Integration Project was held in Qinzhou successively.

According to reports, PetroChina Guangxi Petrochemical Refining and Chemical Integration Transformation and Upgrading Project covers an area of about 4,620 mu, and will be fully launched on July 28, 2022. It mainly includes 14 sets of chemical equipment such as 1.2 million tons/year ethylene cracking, 2 sets of oil refining equipment such as 2 million tons/year diesel oil adsorption and dearomatization, supporting newly built and renovated parts of oil refining units and corresponding public works, storage and transportation and auxiliary production facilities , It is planned to be completed and put into operation in 2025.

After the project is completed and put into operation, it will further exert the efficiency creation ability of existing refining assets, reduce oil products by 3.49 million tons and increase chemical products by 3.06 million tons per year. The product structure will be more reasonable and the industrial chain will be further extended.

The planned total investment of the third phase of the Huayi Qinzhou base project is 55 billion yuan. Taking methanol to olefins as the leader, it will enrich the diversification and differentiated development of the downstream olefin products of the Huayi Qinzhou base, enhance the competitiveness of the industrial chain, and focus on the development of high-end new material products. Including olefin downstream materials such as EVA, degradable materials, polyurethane materials, etc. There are five projects in the first phase, with a total investment of about 25.7 billion yuan. It is expected that the devices will be completed and put into operation in 2025.

It is reported that in recent years, Huayi Group has taken the initiative to participate in the national construction of the Belt and Road Initiative, and built the Huayi Qinzhou Chemical New Materials Integrated Base in the Beibu Gulf. largest industrial project. Editor/He Yuting