Petrochemical Central Enterprises Will Resume Further in Fujian

“Today a group of major projects with a total investment of more than 400 billion yuan is only part of the current talks between Fujian Province and the central SOEs. Taking this as an opportunity, we will fully establish a close relationship between Fujian and central SOEs for strategic cooperation and good faith cooperation. The two sides formed an effective docking mechanism and long-term cooperation orientation.” On December 9, at the Great Hall of the People, the Fujian Provincial Governor and the Central Enterprise Project Cooperation Fair, Huang Xiaojing, Governor of Fujian Province said with joy.
At the meeting, Fujian Province negotiated 123 cooperative projects with 32 central enterprises and 5 local large state-owned enterprises, with a total investment of 846.4 billion yuan. With 27 projects signed on the spot, the municipalities signed 29 projects with their counterparts, involving petrochemical, equipment manufacturing and other leading industries, as well as emerging industries such as new energy, new materials, and energy conservation and environmental protection. These include the cooperation projects of China National Chemical Corporation and Sanming Chemical Equipment and New Materials Industry Base, and the ethylene “de-bottleneck” cooperation projects between Sinopec Group and Fujian Petrochemical Company.
The cooperation between petrochemical central enterprises and Fujian Province has been long-standing. After years of cooperation between China Petroleum & Chemical Corporation and Fujian Province, the refining capacity of the Fujian Refining and Chemical Integration Project, with a total investment of nearly 40 billion yuan, has now been increased to 12 million tons/year and a new 800,000-ton/year ethylene cracker has been built. , a set of 800,000 tons/year polyethylene plant, a 400,000 tons/year polypropylene plant and a 700,000 tons/year aromatics complex. With the support of Sinopec, Fujian United Petrochemical Company, which is responsible for the operation of the integrated refining and chemical project, ranked eighth in the nation in terms of refining capacity, ranking seventh in the country for ethylene, and achieving sales revenue of approximately RMB 53 billion from January to November this year. Nearly 800 million yuan.
Su Shulin, secretary of the party group and general manager of China Petrochemical Corporation, said that the Fujian refinery and Fujian refinery ethylene integration project are two milestones in which Sinopec and Fujian Province have sincerely cooperated. Sinopec will deepen the new round of cooperation between the two sides in accordance with the agreement signed in March this year with the Fujian Provincial Government.
Cooperation between CNOOC and Fujian started earlier. In 1995, CNOOC began cooperation with Fujian to advance the overall project of LNG. The total investment for the first phase of the project is about 24 billion yuan, which fills the gap in Fujian gas. At present, the cumulative investment of CNOOC in Fujian has exceeded 30 billion yuan. Wu Zhenfang, deputy general manager of the company, said that Fujian has superior advantages in deep-water ports and geographical advantages. CNOOC has already included the support of Hercynian development in the “Twelfth Five-Year Plan” and will focus on the development of liquefied natural gas and the implementation of gas-electric integration industry. Refining and chemical integration industry.
"China Sinochem Corporation has taken a particular view of Fujian's unique location advantage and superior port coastline resources and decided to cooperate with Fujian in the Sinochem Quanzhou petrochemical project. This is the single largest project in the history of Sinochem." Liu Deshu, Chairman and President of Sinochem Corporation also Indicated.
As a poor oil province, why can Fujian Province attract many petrochemical industry central enterprises to invest in this development? Liu Deshu answered this question. In the face of Taiwan and adjacent to Hong Kong and Macao, Fujian Province is the gateway to the coastal land route connecting the Yangtze River Delta and the Pearl River Delta. In May 2009, the State Council promulgated the “Several Opinions on Supporting Fujian Province to Accelerate the Construction of the Economic Zone on the Western Coast of the Taiwan Strait”. The strategy of the West Bank has risen as a national strategy and has been given important responsibilities in the service of surrounding areas and the development of new integrated channels for opening up to the outside world. Fujian is the frontline for exchanges and cooperation with Taiwan. Investing in Fujian can not only radiate the two most developed Deltas in China and the vast central and western regions, but also can play a greater role in cross-strait exchanges and cooperation.
According to the reporter's understanding, at present, there are more than 40 central enterprises that are investing and developing in Handan, and 30 industrial projects have been built with a total investment of 135.3 billion yuan. These include Fujian Petrochemical Co., Ltd., a joint venture of Sinopec, and Fuzhou Gas, a subsidiary of China Resources Gas (Group) Co., Ltd., and CNPC Air Products Co., Ltd., which participates in LNG cold energy air separation projects. There are 18 industrial projects under construction with a total investment of 41.1 billion yuan. Among them, there are 5 petrochemical projects with a total investment of 30.5 billion yuan, mainly including the refined oil and gas pipeline project of Fujian Refining and Chemical Integration Project and the petrochemical synthetic rubber project of Fujian Province; the seven items of machinery and equipment projects have a total investment of 3.51 billion yuan, mainly in China. Chemical Group Sanming Base for tire vulcanization and other projects.
The settlement of central enterprise projects has also formed a "siphon effect" of the industry. Around the integration of refinery and chemical industry, new industrial chain projects have continued to fall. For example, Fujian Meizhou Bay Chlor-alkali Industry Co., Ltd. invested 520 million yuan last year to put into production the 30,000 tons/year 1,4-butanediol project, a total investment of 1.21 billion yuan in 100,000 tons/year styrene butadiene rubber and 50,000 tons/year The butadiene rubber project. Driven by the central enterprises, in the first 10 months of this year, Fujian's petrochemical industry achieved an industrial output value of 132.6 billion yuan, an increase of 35.7% over the same period of last year. The output of major petrochemical products continued to grow.
Driven by the investment of central enterprises, a new round of development in Fujian is also brewing. Since the second half of this year, China National Offshore Oil Corporation and Fujian Province plan to invest 23 billion yuan, and will focus on the implementation of 5 million tons of crude oil reserves, 2.6 million tons of LNG receiving stations and pipe network projects, and associated cold energy utilization projects. , offshore oil industry supporting equipment base and other productive projects. In addition, the first phase of the expansion of refining and chemical integration, quality improvement of refining oil products, potential expansion of chemical industry, and ethylene “de-bottleneck” project preparation work is also progressing smoothly.

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