Extend the start of the 5.3 billion yuan carbonyl new material project for petroleum, and help promote the high-end development of the chemical industry chain 

Shaanxi Yanchang Petroleum Yan'an Energy and Chemical Co., Ltd. (hereinafter referred to as "Yan'an Energy and Chemical") held a groundbreaking ceremony for its carbonyl new material project. Zhang Kaiyong, Secretary of the Party Committee and Chairman of Yanchang Petroleum Group, as well as heads of cooperative units such as China Chengda Engineering Company and Shaanxi Chemical Construction Engineering Company, attended the event together. The total investment of this project is 5.321 billion yuan, which is a key project for Yanchang Petroleum Group to implement the strategy of extending, supplementing, and strengthening the chemical industry chain. It is of great significance for enhancing product added value, strengthening market competitiveness, and promoting the high-end development of the industrial chain.  

Three stage construction to create a high-end chemical material base

The project follows the principle of integrated planning and step-by-step implementation, and will be promoted in an orderly manner in three stages. The first phase is expected to be completed by the end of 2026, achieving the commissioning of a 25000 ton/year ethylene propylene rubber secondary plant, and the construction of a 50000 ton/year MTBE plant and ACO technology renovation project. The second phase will focus on the construction of a 50000 ton/year ethylene propylene rubber plant and a 100000 ton/year MMA-PMMA integrated project. The third phase plans to construct facilities for butyl methacrylate and its copolymers, 20000 tons/year polyoxymethylene (POM), 10000 tons/year tert butylamine, etc. Feasibility studies are currently underway. The core of the project is to produce high value-added products such as alcohols, aldehydes, esters, etc. through carbonylation technology of ethylene, propylene, and butene, and further extend to polymethyl methacrylate (PMMA) and high-end ethylene propylene rubber, committed to building an important new material industry base for petroleum extension.  Expected significant benefits, with an added output value exceeding 4 billion yuan 

According to estimates, after all three stages of the project are completed and put into operation, Yan'an Energy and Chemical Company's annual output value will increase by about 4.196 billion yuan, and its annual after tax profit will increase by about 707 million yuan. At the same time, the project will create 402 new job opportunities, with significant economic and social benefits, greatly enhancing the company's sustainable profitability. Keywords: Petrochemical Energy Network, Petrochemical New Energy.

Relying on the existing industrial foundation, move towards high-quality development 

As a wholly-owned subsidiary of Yan'an Petroleum Group, Yan'an Energy and Chemical Company is responsible for operating the Yan'an Coal, Oil and Gas Resource Comprehensive Utilization Project, which has been put into commercial operation since July 2020. The project currently has 8 main units, including 1.8 million tons/year of methanol, 600000 tons/year of methanol deep processing, 400000 tons/year of young oil processing and utilization, 420000 tons/year of polyethylene, and 300000 tons/year of polypropylene. Among them, the light oil processing unit is the first in China, the butanol/2-PH co production unit is the world's first, and the ethylene propylene rubber unit is also the world's first to adopt the solution polymerization process technology of Italian FasTech company throughout the entire process. The commencement of this new project marks a solid step forward for the enterprise in the field of higher value-added chemical new materials, based on its existing comprehensive advantages. (This article is from the official website www.seetao.com of Jian Dao. editor/Yang Meiling