Metallurgy / Chemicals / Rubber & Plastics

On June 18, the official website of the Guangdong Provincial Development and Reform Commission issued an announcement regarding the cancellation of the "Examination Opinions on the Energy Conservation Report of China Petroleum & Chemical Corporation Maoming Branch's Refining Transformation and Upgrading and Ethylene Upgrading Project". The original text is as follows:

Maoming Branch of China Petroleum & Chemical Corporation:

According to the feedback from the National Development and Reform Commission, the refining and upgrading and ethylene upgrading and upgrading projects of Maoming Branch of China Petroleum and Chemical Corporation do not conform to the national industrial policy. After communicating with your company, follow the 6th "Administrative Licensing Law of the People's Republic of China". According to Article 19, the "Examination Opinions on the Energy Conservation Report for the Refining and Upgrading and Ethylene Upgrading Project of Maoming Branch of China Petroleum and Chemical Corporation" (Yuneng Licensing [2021] No. 6) is now revoked.

Guangdong Provincial Energy Administration

June 18, 2021

It is worth noting that the project was announced at the Guangdong Energy Bureau on April 1 this year, and the energy-saving report of this project was agreed in principle in accordance with the requirements of relevant regulations.

In early June, the Ministry of Ecology and Environment issued guidelines stating that the environmental review and approval of "two highs" projects should be strictly enforced, and the approval of high environmental risk projects such as oil refining, ethylene, coking, and coal chemical industry should be tightened, and the environmental review and approval should not be arbitrarily delegated in the name of reform pilots. Authority or lower approval requirements.

It is understood that the total investment of the project is 28.92 billion yuan, and the main construction content includes: reconstruction of 3 million tons/year catalytic cracking unit, supporting alkylation, MTBE, distillate oil hydrogenation, environmental protection rubber oil and wax paste wax oil hydrogenation, etc. Equipment; increase the ethylene production capacity from 1 million tons/year to 1.64 million tons/year, and build supporting equipment for pyrolysis gasoline hydrogenation, butadiene extraction, aromatic extraction, etc.; construct FDPE (full density polyethylene), EO (ring Ethylene oxide), PP (polypropylene), PO (propylene oxide), ABS and other devices.