Shaanxi Petrochemical aims to revitalize five target groups
It has been learned from the Shaanxi Provincial Development and Reform Commission that the "Shaanxi Provincial Petrochemical Industry Adjustment and Revitalization Planning Implementation Plan" has been approved by the provincial government and is expected to be officially released soon. As a major energy province in western China, Shaanxi aims to leverage its rich natural resources to drive deeper industrial transformation, extend the value chain, and expand and strengthen five key sectors: coal chemical industry, salt chemical industry, fine chemical industry, petrochemical industry, and oil refining. The plan also emphasizes reinforcing the central role of the petrochemical industry, with the goal of building a first-class large-scale modern energy and chemical production base in the country.
The implementation plan outlines five key objectives for the petrochemical sector. First, it aims to significantly enhance industrial strength, with the total output value of the petrochemical industry expected to reach 180 billion yuan by 2011, growing at an average annual rate of 18%. By 2015, the target is to reach 340 billion yuan. Second, the industrial layout will become more rational, with improved concentration. Several coal chemical industry parks, including Yiheng, Yushen, Jinjie, Jingbian, Fugu, Binchang, and Weinan, are expected to be completed, and all major petrochemical projects will be located within these industrial zones.
Third, the industrial structure will see significant improvements, with targets such as a 75% yield of light oil products by 2011, over 85% deep processing of methanol, and a fine chemical industry ratio of 40% or higher. Fourth, technological progress will accelerate, with coal gasification technology reaching international standards. Advanced technologies like second-generation methanol-to-olefins and indirect coal liquefaction for ethylene glycol production will be implemented. Lastly, energy conservation and emission reduction efforts will yield measurable results, with energy consumption per unit of added value in the petrochemical industry expected to decrease by over 12% by 2011.
To achieve these goals, Shaanxi plans to accelerate the development of five core industries: coal chemicals, salt chemicals, fine chemicals, petrochemicals, and oil refining. In the coal chemical sector, the focus will be on deepening methanol processing, coal-to-oil, and coking projects, while promoting the development of products such as olefins, methanol, acetic acid, formaldehyde, polyoxymethylene, and alcohol ether fuels. The project for indirect coal liquefaction is also progressing rapidly.
In the salt chemical industry, Shaanxi will make full use of its abundant rock salt resources in northern Shaanxi, focusing on large-scale integrated projects combining coal, electricity, and salt chemistry in Yulin. The fine chemical industry will prioritize rubber processing and develop high-value products such as oilfield chemicals, electronic chemicals, feed additives, and pharmaceutical intermediates.
The petrochemical industry will be supported by Yanchang Petroleum Group. With improved crude oil processing capacity, the group will work with PetroChina to start construction on a 1 million tons/year ethylene project in 2011. Other projects, such as the Jingbian Oil and Gas Comprehensive Utilization Project and the Yangzhuanghe Refinery and Chemical Project, will also move forward. Through expansion and technological upgrades, Yanchang Petroleum’s crude oil refining capacity is expected to reach 15.5 million tons per year.
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