Maoming Petrochemical Refining Transformation & Upgrading Project Starts

Source: www.gulfoilandgas.com 11/20/2023, Location: Asia

Maoming Petrochemical’s refining transformation and upgrading and ethylene upgrading and transformation project started. Ma Yongsheng, Secretary of the Party Leadership Group and Chairman of the Group Company, attended the mobilization meeting and launched the project. Zhang Hu, member of the Standing Committee of the Guangdong Provincial Party Committee and Executive Vice Governor, and Yu Baocai, member of the Party Leadership Group and Deputy General Manager of the Group Company and President of the Joint Stock Company, attended and delivered a speech.

Yu Baocai said in his speech that for a long time, with the care and support of the party committees and governments at all levels in Guangdong Province, Sinopec Maoming Petrochemical and other enterprises in Guangdong have vigorously improved quality, efficiency and upgrading, accelerated the transformation of methods and structural adjustments, and while achieving their own development, they have also promoted local economic and social development. The implementation of this project is another important achievement for the two parties to deepen strategic cooperation and promote win-win development. General Secretary Xi Jinping attaches great importance to the petroleum and petrochemical industry. When he inspected Sinopec Jiujiang Petrochemical Company in October this year, he gave important instructions to secure manufacturing jobs and take a new industrialization path, pointing out the direction for the high-quality development of the petrochemical industry. Sinopec will keep in mind General Secretary Xi Jinping’s earnest instructions, take Maoming Petrochemical’s refining transformation and upgrading and the construction of ethylene upgrading and transformation projects as important opportunities to accelerate the creation of an intensive, high-end and efficient petrochemical industry base, and be at the forefront of promoting new industrialization and striving for innovation. First-class, making new and greater contributions to the high-quality development of my country's petrochemical industry and the high-quality economic and social development of Guangdong Province.

Zhang Hu said that the transformation and upgrading of Maoming Petrochemical's refining and the start of construction of the ethylene upgrading and transformation project are concrete measures to implement the spirit of the 20th National Congress of the Communist Party of China and the spirit of General Secretary Xi Jinping's important speech and important instructions during his inspection of Guangdong. They are also a step towards deepening strategic cooperation between the central and local governments. This major achievement is also a vivid practice of Guangdong’s insistence on taking the real economy as the basis and taking the manufacturing industry as its own. Over the years, Sinopec and Guangdong have always maintained a good cooperative relationship. Sinopec's enterprises in Guangdong adhere to the concept of "state-owned enterprises serve the country and are stationed in Guangdong to prosper Guangdong" and have made positive contributions in promoting local economic development, promoting green environmental protection, and fulfilling social responsibilities. contribute. The Guangdong Provincial Party Committee and the Provincial Government will continue to strongly support the development of Sinopec in Guangdong, strive to provide high-quality services, improve factor guarantees, and create a good environment for the enterprise to become bigger and stronger.

Maoming Petrochemical's refining transformation and upgrading and ethylene upgrading and transformation project is a key project for Sinopec and Guangdong Province to thoroughly implement the spirit of the 20th National Congress of the Communist Party of China, vigorously promote new industrialization and promote the high-end, intelligent and green development of the manufacturing industry. It has been developed by the state The Reform Commission included it in the "National Petrochemical Industry Planning and Layout Plan". The project includes two parts: refining transformation and upgrading and ethylene upgrading and transformation, with a total of 16 production units and supporting public works and auxiliary facilities built. After the project is put into operation, Maoming Petrochemical will use independent leading technologies to maximize the production of ethylene raw materials and chemical products without increasing its refining capacity, effectively coping with the impact of increasing domestic overcapacity in refining. The product range is further enriched, and its chemical downstream can produce high-end synthetic materials and fine chemical raw materials, effectively replacing imports, strengthening the domestic industrial chain and supply chain, driving the high-quality development of Maoming and even South China petrochemical industry clusters, and driving the total output value of the downstream petrochemical industry. An increase of more than 150 billion yuan will make greater contributions to my country's promotion of new industrialization and accelerating the construction of a manufacturing power.

Sinopec is the world's largest refining company and the second largest chemical company. In recent years, it has continuously accelerated the pace of transformation and upgrading of the refining and chemical industry. It has made continuous efforts in the construction of world-class refining and chemical bases, adjustment of refining structure, and "oil conversion" and "oil to special". work hard. The start of construction of Maoming Petrochemical's refining transformation and upgrading and ethylene upgrading and transformation projects will enable Sinopec to continue to consolidate its leading position in advantageous industries, continuously enhance its leadership in high-quality development of the petrochemical industry, and further promote the accelerated transformation and upgrading of my country's petrochemical industry.


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