On the afternoon of October 24, 2020, Shandong Yulong Island's refining and chemical integration project started, and supporting projects were signed.
According to the announcement, the Yulong Island Refining and Chemical Integration Project (Phase 1) is located on the 2# and 3# islands of Yulong Island, Longkou, Yantai City, Shandong Province. The project construction investment is about 127.4 billion yuan and the construction period is 24 months.
The project plans to build 20 million tons/year crude oil processing capacity, mainly equipped with 10 million tons/year atmospheric distillation unit and 10 million tons/year atmospheric and vacuum distillation unit, light hydrocarbon recovery unit, desulfurization and mercaptan removal unit, residue hydrogenation unit Refining process equipment such as ethylene, pyrolysis gasoline hydrogenation, aromatic extraction, butadiene extraction, EVA/LDPE and other chemical process equipment, supporting public works, auxiliary facilities and seawater desalination, seawater intake and drainage facilities.
The project will design the overall process flow in accordance with the principle of "less oil, suitable aromatics, and polyene", import and process Saudi light and heavy conventional sour crude oil, and vigorously develop downstream intensive processing. The project aims to provide the largest amount of high value-added chemical raw materials and take into account the quality of oil as the goal, and build a world-class high-end petrochemical industrial base. The project serves as a model for the conversion of new and old kinetic energy and industrial structure adjustment in Shandong Province. Its construction will drive the integration of the 130 million tons of geo-refining industry in Shandong Province, which is of great significance for promoting industrial structure adjustment and transformation and upgrading, and improving the level of refining and chemical integration.
The project serves as a model for the conversion of new and old kinetic energy and industrial structure adjustment in Shandong Province. Its construction will drive the integration of the 130 million tons of geo-refining industry in Shandong Province, which is of great significance for promoting industrial structure adjustment and transformation and upgrading, and improving the level of refining and chemical integration.
