rongsheng petrochemical wikipedia made in china

Shanghai Petrochemical (Chinese: 上海石化), full name Sinopec Shanghai Petrochemical Company Limited (Chinese: 中国石化上海石油化工股份有限公司; pinyin: Zhōngguóshíhuà Shànghǎi Shíyóu Huàgōng Gǔfènyǒuxiàngōngsī), the subsidiary company of Sinopec, is one of the largest petrochemical enterprises in Mainland China.production of ethylene, fiber, resin and plastics. The company is registered in Shanghai.

There have been hopes that Sinopec, Shanghai Petrochemical"s parent company, will process share reform and privatize Yizeng Chemical Fibre and Sinopec Shanghai Petrochemical, but the plan does not finalize until this moment.

RONGSHENG PETROCHEMICAL CO., LTD. is a China-based company principally engaged in the research, development, manufacture and distribution of chemicals and chemical fibers. The Company’s main products include aromatics, phosphotungstic acid (PTA), polyethylene terephthalate (PET) chips, terylene pre-oriented yarns (POYs), terylene fully drawn yarns (FDYs) and terylene draw textured yarns (DTYs), among others. The Company distributes its products in domestic market and to overseas markets.

Oil production from coal-to-liquids (CTL) plants was an estimated 108,000 b/d and from methanol-to-liquids was around 500,000 b/d in 2019.7 China is attempting to monetize its vast coal reserves by converting some of it to cleaner-burning fuels and using them for bolstering energy security in the petroleum sector. At the end of 2016, Shenhua Group brought online the world’s largest CTL plant, Ningxia, with a capacity to produce more than 80,000 b/d of oil.8 China’s CTL plant capacity could triple in size between 2017 and 2023, barring project delays.9 Most of China’s methanol is sourced from coal, and the government is encouraging more conversion of methanol to fuel and petrochemicals.

China’s swiftly developing petrochemical sector is bolstering demand for liquefied petroleum gas (LPG) and naphtha. Several propane dehydrogenation (PDH) plants are slated to come online through 2022 and will increase LPG demand. Several steam cracker projects are also under construction and require a combination of naphtha, LPG, and ethane for their fuel supply.18

The new capacity that began coming online in 2019 is from the first large integrated refinery complexes that are linked to petrochemical facilities. These refineries are primarily intended to produce naphtha for the petrochemical plants. The 400,000 b/d Hengli refinery began operations in mid-2019, and Zhejiang’s Rongsheng facility, with 400,000 b/d of capacity, brought online all of the first phase units by the end of 2019.20 Sinopec and Kuwait Petroleum are constructing a 200,000 b/d integrated refinery in Zhanjiang, coming online by 2021. A second phase of Zhejiang’s Rongsheng plant and the 320,000 b/d Shenghong Petrochemical refinery are slated to be online by the mid-2020s, and several other large refineries are in various stages of planning.21

Saudi Arabia, which historically has exported a significant portion of China’s crude oil, was the largest source of imports in 2019, with a 16% share.27 Saudi Aramco signed more long-term crude oil supply agreements with Chinese companies in early 2019 as the company focused on supplying China’s new refineries and petrochemical plants.28

CHINESE OIL COMPANIES: PETROCHINA, SINOPEC AND CNOOC factsanddetails.com Articles on ENERGY IN CHINA factsanddetails.com; U.S. Energy Information Administration Report on Energy in China eia.gov/international/analysis ; Fueling the Dragon iags.org ; Oil Refining Business in China pdf file eneken.ieej.or.jp ; China National Petroleum Corporation (CNCP) cnpc.com.cn/en ; Wikipedia article on CNPC Wikipedia ; China Petroleum and Chemical Corporation (SINOPEC) english.sinopec.com

China’s swiftly developing petrochemical sector is bolstering demand for liquefied petroleum gas (LPG) and naphtha. Several propane dehydrogenation (PDH) plants are slated to come online through 2022 and will increase LPG demand. Several steam cracker projects are also under construction and require a combination of naphtha, LPG, and ethane for their fuel supply.18

The new capacity that began coming online in 2019 is from the first large integrated refinery complexes that are linked to petrochemical facilities. These refineries are primarily intended to produce naphtha for the petrochemical plants. The 400,000 barrels per day Hengli refinery began operations in mid-2019, and Zhejiang’s Rongsheng facility, with 400,000 barrels per day of capacity, brought online all of the first phase units by the end of 2019. Sinopec and Kuwait Petroleum are constructing a 200,000 barrels per day integrated refinery in Zhanjiang, coming online by 2021. A second phase of Zhejiang’s Rongsheng plant and the 320,000 barrels per day Shenghong Petrochemical refinery are slated to be online by the mid-2020s, and several other large refineries are in various stages of planning. In 2020, China announced plans to build a $20 billion refinery and petrochemical project in Shandong province according to Reuters. The 400,000 barrel-per-day refinery and 3 million tonne-per-year ethylene plant is slated for Yantai. [Source: Shivdeep Dhaliwal, Benzinga, June 2, 2020]

“Sinopec, which is China"s largest oil refiner, has previously faced protests and other complaints from residents in other cities over its efforts to build oil refineries and other petrochemical plants near densely populated area. The damaged pipeline, which connects oil depots in Huangdao with processing facilities in the city of Weifang roughly 170 kilometers away, can ship about 200,000 barrels a day. It was built in 1986 and stretches about 250 kilometers in total.