August 8, 2019 Orient Shenghong announcement, the company's board of directors meeting considered and passed the "motion on optimizing and adjusting part of the construction content of Shenghong refining and chemical integration project", and some of the project's installations were partially adjusted.
After optimization and adjustment,
the main industrial scale of the project 16 million tons/year crude oil processing, 2.8 million tons/year PX, 1.1 million tons/year ethylene remains unchanged;
10 sets of diesel oil hydrocracking and other process unit scale adjustment;
lubricant hydroisomerization and dewaxing, Ethylene Vinyl Acetate***polymer (EVA)/Poly < strong> ethylene (PE), ethylene vinyl acetate (EVA) and polyethylene (PE). strong> Ethylene (PE) and other 8 sets of unit cancellation;
power supply hydrogen system program changes;
total refining processing process moderately optimized, finished oil in crude oil processing ratio from 37% before adjustment to 31% after adjustment, and can provide more basic chemical raw materials;
The total investment of the project was reduced from $77,475.36 million before adjustment to $67,663.96 million after adjustment;
It is expected that the average annual profit of the project after commissioning will be increased from approximately $10.13 billion before adjustment to approximately $12.56 billion after adjustment, and the average annual net profit will be increased from approximately $7.59 billion before adjustment to approximately $9.42 billion after adjustment.
In addition, on the same day, it also announced the "Jiangsu Dongfang Shenghong Stock Co., Ltd. 2019 Non-public Offering of A Shares Proposal (Revised)", which proposed to non-publicly issue no more than 20% of the total share capital, i.e., no more than 805,810,644 shares (inclusive of the number), and the total amount of funds raised (including issuance costs) was no more than 5 billion yuan, which was to be used for the purpose of after deduction of the issuance costs. Sheng Hong Refining & Chemical (Lianyungang) Co., Ltd. 16 million tons refining and chemical integration project. Ltd. 16 million tons of refining and chemical integration project. Among them, Sheng Hong Suzhou intends to participate in the subscription of the issue in cash, with the subscription amount not exceeding RMB 1.5 billion.
It is reported that Sheng Hong refining 16 million tons / year refining and chemical integration project is located in Lianyungang City, Xu Wei New District Petrochemical Industrial Park, with a total investment of about 67.7 billion, Sheng Hong Refining and Chemical (Lianyungang) Ltd. to invest in the construction of the plan construction cycle of 36 months, is expected to be completed and put into operation in 2021.
The project intends to use Axens, Chevron, LUMMUS, DuPont, ExxonMobil, Shell, Lyondellbasell and other international advanced process package technology, the device process to reach the international leading level; the project's gasoline and diesel products will be all the way to the National VI standard; the project's PX, The PX and MEG raw materials of the project will be used as the upstream raw materials of the company's core business, which will promote the company to build a new high-end textile industry chain of "crude oil refining - PX/glycol - PTA - polyester - chemical fiber".
Reasons for adjusting the program
The board of directors of Orient Sheng Hong said that the optimization and adjustment of the project reflects the idea of "integration of refining and chemical industry, with chemical industry as the main focus", which is in line with the national industrial policy and the development trend of the industry, and that after the adjustment of the project, the total investment is lower, and the economic benefits have been improved, which can give full play to the advantages of the integration of refining and chemical industry. The project can give full play to the advantages of refining and chemical integration, which is in line with the interests of the listed company and all shareholders.
According to Orient Sheng Hong, Sheng Hong refining and chemical integration project 16 million tons of single-line scale is currently China's largest single-line capacity; the project is the company's implementation of industrial chain integration development strategy an important part of the industry chain, will be through the refining of crude oil, high-end chemical and polyester chemical fiber industry chain, to achieve the gasoline and diesel oil chain to the net type industrial chain qualitative change. The project is an important part of the company's development strategy of industrial chain integration, which will open up the industrial chain of crude oil refining, high-end chemicals and polyester chemical fiber, realizing the qualitative change from a straight chain of gasoline and diesel to a net-like industrial chain, and promoting the development of downstream high-end new chemical materials.
The total proceeds from the above non-public offering will be used for the 16 million tons refining and chemical integration project of Sheng Hong Refining and Chemical (Lianyungang) Co. For the purpose of this fund-raising, Orient Sheng Hong said, on the one hand, is to respond to the national development of high-end petrochemical products, promote the transformation and upgrading of the petrochemical industry industrial policy. On the other hand, it is to implement the company's industrial chain vertical integration strategy, to achieve the synergistic development of industrial chain integration
Shenghong Refining and Chemical Integration Project Important Time Nodes
September 17, 2018 , the project was approved by the Jiangsu Provincial Development and Reform Commission approval;
2018 On November 7 , Sheng Hong Refining and Chemical Integration Project Coordination and Promotion Research Meeting and Project Signing Ceremony was held;
On December 11, 2018 , the project's EIA report was approved by the Ministry of Ecology and Environment;
On December 14, 2019 . The project officially started construction and is scheduled to be put into operation at the end of 2021;
January 15, 2019 , the project's overall design kick-off meeting was held, and the overall design work was formally launched;
March 8, 2019 , Petrochemical Industry, a wholly-owned subsidiary of Dongfang Shenghong, signed the "Equity Interests Agreement" with Shenghong Suzhou Shenghong Petrochemical signed the "Equity Acquisition Agreement", the price of 1010.8132 million yuan to acquire 100% of the equity of Shenghong Refining;
March 11, 2019 , Shenghong Group Refining and Chemical Integration Project Syndicate Lead Bank Cooperation and Comprehensive Strategic Cooperation signing, the project was 55 billion yuan of syndicated loans;
< strong> April 3, 2019 Orient Shenghong announced that it intends to non-publicly issue green corporate bonds with a total coupon amount of not more than RMB 3 billion (including RMB 3 billion) for the construction of Shenghong Refining and Chemical Integration Project;
April 12, 2019 Orient Shenghong announced that it intends to increase its capital by 70 billion yuan for Shenghong Refining and Chemical ( Lianyungang) Co., Ltd. by increasing its capital by 7 billion yuan, so that the registered capital of Shenghong Refining and Chemical will be increased from 1 billion yuan to 8 billion yuan;
June 1, 2019 , the project's 16 million tons/year of normalized decompression combined unit, 3.1 million tons/year of 1# continuous reforming unit, coal coke-to-gas combined unit piled foundation work began;
< strong> June 14, 2019 , 2.5 billion yuan Lianyungang Shenghong Refining and Chemical Industry Fund signing;
July 17, 2019 , total investment of 2.68 billion yuan Shenghong Refining and Chemical Integration Supporting Harbor Storage Project wharf project formally started.
Hengli Petrochemical
On August 7, the substation of 1.5 million tons/year ethylene plant of Dalian Hengli Petrochemical Project undertaken by Sijian Electric Instrument Company realized the first batch of key equipments-electrical panels and cabinets-installed in place at one time, which was praised by the owner.
Hengli Petrochemical 1.5 Million Tons/Year Ethylene Project Successfully Completes Cracking Furnace Module Group Lifting
On July 27th, through the efforts of all the employees involved in the construction of Liaoning Hengli Petrochemical 1.5 Million Tons/Year Ethylene Project undertaken by Sijian, the Cracking Furnace 1061 Furnace Convective Chamber Smoke Gathering Hood Module was lifted and installed in place in a safe and smooth manner. In place.
According to the introduction, the four construction of Dalian Hengli Petrochemical ethylene project department in accordance with the supply time provided by the owner, the construction department, the Ministry of Technology in advance of the construction plan, the preparation of large-scale equipment lifting program, reported to the Supervision Department for review. Selected 1350 tons of crawler crane with its own counterweight and 750 tons of crawler crane plus super lift for lifting. There are 9 liquid furnaces, seven convection chamber modules for each cracker, and 63 groups of ****. According to the "Foundation Engineering Inspection Report", the value of ground resistance at the site is 26 tons/m2, which meets the requirements of foundation bearing capacity for lifting all convection modules and smoke hoods.
The convection chamber of the cracking furnace is located above the radiation section of the furnace body. Each convection chamber of the cracking furnace consists of 7 groups of convection modules and 1 group of smoke hoods and other major components, which are characterized by high height, high weight and large volume, and therefore have to be lifted from the bottom to the top one by one by parts and segments in an orderly manner.
In order to ensure the safety of work at height, the project department of the four construction companies arranged to weld cantilever beams on the ground module for supporting the scaffolding, the erection team on the ground will be scaffolding completed, delivered to the Supervisory Company for inspection and passing, and then lifting, for the safety of the construction of the subsequent security provides a guarantee.
Hengli Petrochemical 1.5 Million Tons/Year Ethylene Project 400,000 Tons/Year HDPE Plant Core Stirred Reactor Successfully Lifted
On the morning of August 4, 2019, the 1.5 Million Tons/Year Ethylene customized by Sichuan Kexin Mechanical and Electrical Co. in Shifang City Economic Development Zone for Dalian Hengli Petrochemical (Dalian) Chemical Co. Project project, the core stirred reactor of 400,000 tons/year HDPE plant was successfully shipped.
This shipment of "big" equipment *** counts 7 sets, is the Hengli Petrochemical (Dalian) Chemical Co., Ltd. 1.5 million tons / year ethylene project 400,000 tons / year HDPE plant core mixing reactor, respectively, for the first reactor, the second reactor, the third reactor, powder handling tanks and other large-scale Pressure vessel equipment, the cumulative total weight of 700 tons. Among them, four sets of equipment weigh more than 170 tons each, the largest external dimensions of 32.55m * 7.5m * 7.6m.
It is understood that Hengli Petrochemical (Dalian) Chemical Co., Ltd. 1.5 million tons/year ethylene engineering project is Hengli Petrochemical in Dalian Changxing Island, the second phase of a newly built project, a project of 20 million tons of refining and chemical integration project for the revitalization of the old industrial base in northeast China to implement national key projects. The project is a national key project for the national revitalization of the old industrial base in Northeast China.
Zhongke Refining
Zhongke Refining and Chemical Integration Project will be fully completed by the end of the year
On August 7, SINOPEC Zhongke Project held the "150 Days of Work" Labor Competition Mobilization Meeting to comprehensively implement the spirit of the series of speeches made by Mr. Dai Houliang, Chairman of the Board of Directors, on the construction of the project. The project is a series of speeches of Chairman Dai Houliang on the construction of the project, mobilizing all the construction units and personnel to launch a sprint to the goal of "the project is fully completed by the end of the year", and resolutely ensure that the decision-making and deployment of the Group Group's party group will be implemented and put into practice.
The overall image progress of the project in August is required to complete 80% of the steel structure installation, equipment installation to strive to complete 60% of the prefabricated installation of process piping to strive to reach 40%.
At 10:30 a.m. on August 5, the upper head of 4.2 million tons/year catalytic cracking unit reaction settler of the project was lifted into position by Luoyang Engineering Company, installed by Shijian Company, and lifted by Lifter Company, marking the completion of the "two vessels" of the catalytic cracking unit. "This marks the basic completion of the main installation of the reaction settler of the catalytic cracking unit.
August 7, from the four construction company was informed that recently, by the four construction of the third engineering company in the project department of Zhongke refining and chemical 35HDPE device of the last large-scale equipment --- V-4221 flash tank, through the construction of all the staff of the construction of the *** with the same efforts to achieve a safe, smooth installation in place, the successful completion of the Zhongke refining and chemical 35HDPE device of the installation of large-scale equipment.
The reaction settler has a total weight of 994 tons, an overall height of 66.32 meters, and a diameter of 1.9 meters from bottom to top, after four variations to a maximum of 9 meters, presenting a cone shape with a large upper and a small lower. The reaction settler is installed in a 50.5-meter-high "well"-shaped reinforced concrete frame foundation, and the top elevation reaches 68.2 meters after installation. The reaction settler shell is prefabricated in five sections on the ground at the site, and is assembled with internal parts, modular assembly of the external platform steel structure, and then lifted into place in sections after prefabrication is completed.
The segmental lifting of the reaction settler upper head diameter of 9 meters, 4.75 meters high, weighing 138 tons, using a 1250-ton crawler crane lifting, due to the lifting location of the site is extremely narrow, in the process of lifting, in order to facilitate the completion of the lifting task, and then use a 260-ton car crane with the upper head flip adjustment.
Since the lifting and installation of the first section of the reactor settler on May 27th, and the smooth positioning of the upper head on August 5th, during this period, all the participating units of the FCCU overcame the hot weather in Zhanjiang, the narrow operation site, the technical difficulties in lifting and installation, the high quality and safety requirements, as well as the harsh conditions of high temperature and sultry operation in the reactor, and accelerated the progress of the prefabrication and installation, and the whole team worked unitedly and cooperated with each other, With close cooperation, rain or shine, day and night, the project has successfully completed the on-site assembly and lifting installation of the reactor sinker, which is the core equipment of the catalytic cracking unit.
Project Review
The Zhongke Refining Project, with a total investment of tens of billions of RMB, was once known as the largest petrochemical project under construction in China. The project passed the EIA in March 2011, was approved by China's National Development and Reform Commission (NDRC), and started construction on Zhanjiang Donghai Island in November of that year. However, due to the fall in international oil prices and severe overcapacity in refining capacity, the project's construction has almost come to a standstill.
July 2016, Sinopec Group set up the Maozhan refining and chemical integration leading group, integrated consideration of Maoming, Zhanjiang and other regional resource allocation and refining development, the construction of Zhongke refining project into the fast lane.
At the end of 2016, Guangdong Zhanjiang Zhongke Refining and Chemical Project Preparatory Group disclosed to the media that the overall design of Zhongke Refining and Chemical Project has now been passed. According to the overall design, Zhongke Refining Project construction total scale 10 million tons/year refining, 800,000 tons/year ethylene, refining to take the "atmospheric decompression + hydrocracking + residue full hydrogenation + catalytic cracking" core process, the chemical industry to take the "ethylene derivatives HDPE + EO / EG + ethanolamine, propylene + ethanolamine, ethylene derivatives HDPE + EO / EG + ethanolamine, propylene + EG + ethanolamine. The chemical industry adopts the product program of "ethylene derivatives HDPE + EO / EG + ethanolamine, propylene derivatives all PP".
In March 2018, Sinopec Refining and Chemical Engineering announced that the Group had recently signed a number of design, procurement, and construction (EPC) general contract for the chemical and power station portion of the Sinopec Guangdong Refining and Chemical Integration Project with Sinopec Guangdong Refining and Chemical Engineering.
The project is located in Zhanjiang City, Guangdong Province, China. The main scope of work of this contract includes: 800,000 tons/year steam cracked ethylene plant, 400,000 tons/year cracked gasoline hydrogenation plant, 550,000 tons/year polypropylene plant, 350,000 tons/year high-density polyethylene plant, 250,000 tons/year EO and 400,000 tons/year EG plant, 100,000 tons/year EVA plant, 180,000 standard cubic meters/hour coal-to-hydrogen plant, etc. for the chemical part of the project. main production units, as well as power stations and other supporting utility engineering units and auxiliary production facilities.
Liaoning Baolai
Successful shipment of stirred reactors for Liaoning Baolai 1 million tons/year ethylene project manufactured by Daming Heavy Industry
On August 2, 2019, three stirred reactors for Liaoning Baolai 1 million tons/year ethylene project manufactured by Daming Heavy Industry were successfully shipped.
The three reactors are stirred reaction vessels, and the medium within the reaction is mainly HDPE+ethane, the diameter of the equipment is 4700mm, the length is 17250mm, and the weight of the single unit is 110 tons. The equipment structure is special, the technical requirements are very high: the equipment body is full of half-pipe, high assembly requirements; half-pipe and equipment body welding workload; a single unit of equipment half-pipe more than 60 turns, the total length of the weld reaches 1950 meters. The assembly precision of the agitator mounting port is also very high, the tolerance of perpendicularity between the agitator mounting flange and the axis of the cylinder is <0.01°, and the coaxiality error with the axis of the cylinder is <2mm; and the coaxiality error of the agitator upper and lower mounting flanges is <1mm.
The success of the manufacturing of such a high-tech and oversized equipment relies on the strong technical force of Daiming Heavy Industry, the high-quality and high-skilled production team, and the strict quality control team. and the strict quality control team. The customer management team guided the whole process and made outstanding contributions to the quality and schedule control.
Liaoning Baolai Light Hydrocarbon Comprehensive Utilization Project PE Plant Large Piece Lifting Successfully Completed
At 18:00 on August 1, the last section module (the fourth module) of the steel structure of the 107-meter-high degassing silo frame of the 450,000-ton/year LLDPE plant of the Liaoning Baolai Light Hydrocarbon Comprehensive Utilization Project of the 6th Branch Company of Thirteen Chemical Construction Company, was successfully installed at a time of the whistles of the main conductor of the hoist. With the whistle of the main conductor, the last module of the 107m high degassing silo frame (the fourth module) was successfully assembled and completed, and the completion of the installation of the fourth module also marked the successful conclusion of the lifting work of the large parts in the whole PE plant area. From the planning and deployment to the grouping and lifting installation, the whole construction process witnessed the hard work of all the managers and operators of the Baolai project department and construction team, and the working spirit of the thirteen chemical construction people who worked tirelessly in the hot summer.
Degassing silo steel structure weighs 1170 tons, degassing silo equipment weighs 320 tons, steel structure installation height of 32.6 m-107 m, the overall design of the framework for the ultra-high steel structure, steel columns are all welded cross steel, the weight of a single main column reached 27 tons, the project department decided to prefabrication of steel prefabricated using factory prefabrication, inverted transport to the construction site The project decided to use factory prefabrication for steel structure prefabrication and transport it to the construction site in reverse.
The overall construction process is in a controllable state in terms of hazardous factors and operational risks, but during the construction period, the project also encountered a lot of difficulties and problems, such as the installation of the weighing module, the lifting height of the equipment through the steel frame is too high, and the size of the frame is too large, and so on; the continuous cloudy and rainy weather, and the supply of materials can not be in time and other constraints. In order to ensure quality and progress, the project department deployed and coordinated in time. In terms of operation, the whole group of the process of implementation of two-shift work system, 24 hours non-stop welding. In terms of technology, the project department organized several special seminars and demonstrations in the form of special meetings to ensure the feasibility and safety of lifting and installation. This series of efforts reflects the collective cohesion of the Sixth Branch and the spirit of working together to ensure the successful conclusion of the PE device large lifting work.
Xinpu Olefin
Xinpu Olefin Light Hydrocarbon Comprehensive Utilization Project is about to be put into commissioning
According to the latest news, Taixing Xinpu Olefin 1.1 million tons of annual output of light hydrocarbon comprehensive utilization of the project has entered the stage of intense unit commissioning, and will be formally put into operation in August, indicating that Taixing Economic Development Zone will be the seventh domestic "large ethylene". The project will be the seventh "big ethylene" chemical park in China.
The project started construction in June 2016 and took three years to complete. With a total investment of 5.5 billion yuan, it can produce 650,000 tons of ethylene, 120,000 tons of propylene, 14,500 tons of hydrogen, 45,000 tons of C4, 30,000 tons of methane, 45,000 tons of cracked gasoline, etc., and it is expected to generate an additional 10 billion yuan of annual sales revenue after reaching production.
This is China's first ethylene cracking plant to prepare ethylene from ethane and propane, with a high ethylene yield of 80.5%, which is much higher than the 35% yield of ethylene prepared from naphtha in the traditional process. In addition, the single gas phase cracker in this project has the largest capacity in the world.
It is expected that after the commissioning, enterprises in Taixing Economic Development Park can realize self-sufficiency, get rid of the dependence on imported ethylene raw materials, and extend to the downstream to polyvinyl chloride, polystyrene and other products. At the same time to promote the park and even Taizhou chemical industry to improve the layout, enhance the level, help the rapid development of the regional economy.
As the olefin project has been known as "olefin boss", the industry's status is important, not only in the ethylene is the chemical industry industry industry chain is very strong correlation of resource products, but also with the project device complexity, high technology content, investment intensity and other characteristics, so the completion of the 1.1 million tons of light hydrocarbon comprehensive utilization of projects The project has been evaluated as "having strong symbolic significance".
Wanhua Chemical
Wanhua Chemical HDPE project 6353 device granule blending silo lifting success
July 23, by the six construction of the six construction of Ningbo Branch of the construction of Wanhua Chemical annual output of 35/30 million tons of high-density polyethylene/polypropylene project HDPE device granule homogenization framework (6353) The lifting of the granule blending silo was successfully completed.
The lifting weight of the granule mixing silo is 33 tons, height 31 meters, diameter 8 meters. Because July is the key moment for the construction units to catch up with the schedule, the site conditions are complicated, not only need to overcome the difficulties of the equipment into the transportation route, but also need to choose the appropriate crane occupation point. Therefore, before the silo lifting, the technicians accurate measurement, repeated argumentation, determine the use of 350 tons of super lift car crane main crane, 80 tons of crawler crane slipping tail lifting program, at the same time and each unit to communicate and coordinate, planning transport routes, good lifting plan, and strive to ensure smooth roads, with the arrival of lifting, without affecting the normal construction of each construction unit.
Granule homogenization frame total **** there are 14 silos, this is the first batch of two silos lifting. The success of this lifting marks the official start of the silo installation project for the HDPE project.
With the completion of the underground piping and steel structure on schedule, the installation of process piping for the integrated ethylene plant of the polyurethane industry chain of Yantai Wanhua Chemical, which was constructed by Shijian, has started one after another recently.
The process piping of this project reaches 1 million inches in diameter, of which the special material welding of ultra-high pressure steam piping is estimated to reach 30,000 inches in diameter.