Shaanxi Yanchang Petroleum Yan'an Energy and Chemical Co., Ltd. held a grand groundbreaking ceremony for its carbonyl new material project. Zhang Kaiyong, Secretary of the Party Committee and Chairman of Yanchang Petroleum Group, attended and jointly launched this key project with China Chengda Engineering Company, Shaanxi Chemical Construction Engineering Company and other cooperative units, with a total investment of over 5.3 billion yuan, marking a crucial step in Yanchang Petroleum's strategic layout in the field of high-end chemical new materials.

Investing 5.3 billion yuan to extend the industrial chain and build a base for alcohol aldehyde ester new materials

As a key project to extend, supplement, and strengthen the chemical industry chain of Yanchang Petroleum Group, the total investment of the carbonyl new material project reached 5.321 billion yuan. The project focuses on the carbonylation of basic raw materials such as ethylene, propylene, and butene as its technological core, and extends downstream to produce high value-added products such as alcohols, aldehydes, and esters, which are further processed into high-end materials such as polymethyl methacrylate (PMMA) and high-end ethylene propylene rubber. It is committed to building an important alcohol, aldehyde, and ester new material industrial base for Yanchang Petroleum Group.

It will be promoted in three stages, with an expected increase in annual output value of 4.2 billion yuan

The project will be constructed in three stages according to the principle of "integrated planning and step-by-step implementation": the first stage is expected to be completed by the end of 2026, including the commissioning and production of a 25000 ton/year ethylene propylene rubber second-line unit, as well as the completion of a 50000 ton/year MTBE unit and other projects; The second phase will construct an integrated plant of 50000 tons/year ethylene propylene rubber and 100000 tons/year MMA-PMMA; The third phase plans to construct facilities such as butyl methacrylate and polyoxymethylene (POM). After completion, it is expected to increase the annual production value of Yan'an Energy and Chemical Company by about 4.196 billion yuan, generate a post tax profit of about 707 million yuan, and provide 402 job opportunities. Keywords: Petrochemical New Energy Network, Petrochemical Energy Network

Relying on the existing industrial foundation, promote the transformation of high-end chemical industry

As a wholly-owned subsidiary of Yanchang Petroleum, Yan'an Energy and Chemical Company's Yan'an Coal, Oil and Gas Resource Comprehensive Utilization Project has been put into commercial operation since July 2020. It has 8 main units, including the first domestic light oil processing unit and the world's first butanol/2-PH co production unit. The construction of this new project will fully leverage the advantages of the existing industrial chain, promote the differentiation and high-end development of product structure, and significantly enhance the comprehensive competitiveness and sustainable profitability of the enterprise. Editor/Yang Beihua