Shaanxi Petrochemical aims to revitalize five target groups
It has been reported by 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 key energy province in western China, Shaanxi aims to leverage its rich natural resources to drive deeper industrial transformation, extend the chemical industry chain, and strengthen five core sectors: coal chemistry, salt chemistry, fine chemicals, petrochemicals, and oil refining. The goal is to reinforce the petrochemical industry as a fundamental pillar of the regional economy, positioning it as one of the country's leading modern energy and chemical production bases.
The implementation plan outlines five main objectives for the petrochemical industry. First, it seeks to significantly enhance industrial strength, with the total output value of the sector reaching 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. Key projects such as the Yiheng, Yushen, Jinjie, Jingbian, Fugu, Binchang, and Weinan Coal Chemical Industrial Parks are already under construction, and all large-scale petrochemical projects will be relocated into designated chemical parks.
Third, the industrial structure will see significant improvement. By 2011, the yield of light oil products is expected to reach 75%, the deep processing rate of methanol will exceed 85%, and the proportion of fine chemicals will surpass 40%. 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 emissions reduction will be prioritized, with a target of reducing energy consumption per unit of added value by over 12% by 2011.
To achieve these goals, Shaanxi will focus on developing five key industries: coal chemistry, salt chemistry, fine chemistry, petrochemistry, and oil refining. In the coal chemistry sector, the emphasis will be on deep processing of coal-based methanol, coal-to-oil, and coal coking. Projects involving coal-to-olefins, methanol, acetic acid, formaldehyde, polyoxymethylene, and alcohol ether fuels will be accelerated. The preliminary work for the antimony ore indirect coal liquefaction project is also underway, while the Shenhua Sasol coal oil project aims to start operations as soon as possible.
In the salt chemistry sector, the province will utilize its abundant rock salt reserves in northern Shaanxi, focusing on large-scale integrated projects combining coal and power in Yulin. For the fine chemical industry, the development of rubber processing and specialized products like oilfield chemicals, electronic materials, feed additives, and pharmaceutical intermediates will be prioritized.
The petrochemical industry will be supported by the Yanchang Petroleum Group. With improved crude oil processing capacity, the group plans to start the 1 million tons/year ethylene project in collaboration with PetroChina in 2011. Other projects, including the Jingbian Oil and Gas Comprehensive Utilization Project and the Yangzhuanghe Refinery and Chemical Project, will also move forward. Through expansion and technological upgrades, the crude oil processing capacity of Yanchang Petroleum Group is expected to reach 15.5 million tons per year.
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