Recently, the 300000-ton/year vinyl acetate plant of Shenghong Refining and Chemical Integration Project was successfully put into operation and achieved full-load operation, producing qualified products with indexes better than the national standard, and successfully completed the set goal of one-time production and operation of the largest single-line plant in the world.
the Shenghong Refining and Chemical Project is a key project of the National Petrochemical Industry Planning and Layout Plan, and it is also the largest single-process refining and chemical integration project in China. The total investment of the project is about 67.7 billion yuan, with an annual processing capacity of 16 million tons of crude oil, 2.8 million tons of aromatic hydrocarbons and 1.1 million tons of ethylene. After its completion, it will form the first diversified olefin industry chain of "oil, gas and coal" in China together with Lianyungang Petrochemical and Sirbang in Lianyungang Petrochemical Industry Base, effectively alleviating the domestic ethylene gap and ensuring national energy security.
on December 28, 2022, the Shenghong Refining and Chemical Project was fully put into operation. This project is the first large-scale refining and chemical project constructed in northern Jiangsu, and it is also a key construction project for Jiangsu to build an important development pole of a modern coastal economic belt.
The refining project adopts the world's leading green production technology, with China's largest single set of 16 million tons/year atmospheric and vacuum combined unit, the world's largest 2.8 million tons/year two-stage heavy slurry crystallization process p-xylene unit, the largest domestic 4 million tons/year wax oil hydrocracking, 3*3.1 million tons/year continuous reforming and other large refining units. The full commissioning of the refining and chemical project will provide large-scale, low-cost and rich raw materials for the production of new energy and new materials and high-performance chemicals downstream of the company, further consolidate the company's competitive advantage, help the company to further deploy new energy and new materials, and realize the enterprise vision of "providing innovative chemistry and new materials for a green and sustainable future.
as a part of the integrated refining and chemical plant, the 300000-ton/year vinyl acetate plant is also an important part of Shenghong Refining and Chemical to build a "chemical raw material library" of new energy materials. After it is put into production, basic raw materials such as vinyl acetate, acetone, propane, etc. will continue to transport new energy materials such as high value-added photovoltaic grade EVA resin, acrylonitrile, MMA (methyl methacrylate) and become a world-class photovoltaic new energy material base. There are not many examples of this in the circular industry chain outlined by Shenghong Refinery. Miao Hangen, chairman of Shenghong Group, said that according to preliminary calculations, within Shenghong Group alone, there are about 5 million tons of products that can form a collaborative supply of raw materials and products with Shenghong Refining and Chemical Co., Ltd., with obvious linkage effect and overall synergy advantages.
Oriental Shenghong Other Large Projects
dongfang Shenghong is currently planning to build three million-ton new energy material projects: million-ton EVA, million-ton acrylonitrile, and million-ton degradable materials, hoping to accelerate the transformation to a world-class new energy and new material high-tech industrial cluster.
Million tons of EVA: Dongfang Shenghong currently has 300000 tons/year EVA production capacity. In the future, it plans to build 700000 tons/year EVA and 50000 tons/year Enba high-end polyolefin material projects, which will be gradually put into production by the end of 2024 and completed in 2025.
in fact, EVA market space is very broad. According to Guoxin Securities, if calculated according to the new installed capacity of 400GW photovoltaic, the global demand for photovoltaic materials will reach more than 2 million tons in 2025, and the tight supply and demand of high-end photovoltaic materials will be further intensified. Therefore, EVA industry is still in a high boom cycle within 2 years, while the company's subsidiary Srbon is the world's largest photovoltaic EVA manufacturer and the largest acrylonitrile manufacturer in China.
Million tons of acrylonitrile: The company currently has 780000 tons/year of acrylonitrile production capacity. Dongfang Shenghong expects to add 260000 tons/year in 2023, and the total production capacity will reach 1.04 million tons/year, ranking first in the world.
Million tons of degradable plastics: It is understood that Dongfang Shenghong has planned to build 340000 tons/year maleic anhydride, 300000 tons/year BDO and 180000 tons/year PBAT in the first phase, and plans to put them into full production in 2024, thus Dongfang Shenghong's degradable plastics production capacity will also reach the level of one million tons.
in November 2022, Shengjing New Materials, the company's third-tier holding subsidiary, plans to invest in the construction of high-end new materials such as polyolefin elastomers (POE), of which the 800-ton/year POE pilot project was successfully started on September 27;
in November 2022, Hubei Higgs, a secondary holding subsidiary of Oriental Shenghong, intends to invest in the construction of supporting raw materials and iron phosphate, lithium iron phosphate new energy materials projects, the layout of lithium iron phosphate industry chain, to promote the development of downstream industries;
hongwei Chemical POSM and Polyol Project has started construction, including 508000 tons/year ethylbenzene unit, 20/450000 tons/year POSM unit, 112500 tons/year PPG unit and 25000 tons/year POP unit.
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