Energia
Sinopec Puts China's Largest Petrochemical Port into Operation
Situated on the east coast of Zhanjiang, Guangdong Province , the Sinopec Zhongke Refinery Port is part of Zhanjiang Integrated Refinery and Petrochemical Complex — the biggest project of its kind under construction by Sinopec Corp, and a key component of the Guangdong Province's 13th Five-Year Plan. The total investment of the first phase of the project totals more than 40 billion CNY and will add over 10 million tons of refined crude oil capacity and 800,000 tons of ethylene units per year, in addition to auxiliary supporting facilities.
Following its completion, it's estimated that the output of the refinery will exceed 60 billion CNY . Additional output will aid the development of the downstream industrial chain of the refining and chemical industry, while injecting new momentum for the economic development of the Greater Bay Area.
At present, there are more than 18,000 builders currently working on-site as part of the project, and 28 of the 30 major production facilities have been delivered. The final project is expected to be fully completed and put into production by the end of July.
Sinopec Corp. is one of the largest integrated energy and chemical companies in China. Its principal operations include the exploration and production, pipeline transportation and sale of petroleum and natural gas; the sale, storage and transportation of petroleum products, petrochemical products, coal chemical products, synthetic fibre, fertiliser and other chemical products; the import and export, including an import and export agency business, of petroleum, natural gas, petroleum products, petrochemical and chemical products, and other commodities and technologies; and research, development and application of technologies and information.
Sinopec sets 'fueling beautiful life' as its corporate mission, puts 'people, responsibility, integrity, precision, innovation and win-win' as its corporate core values, pursues strategies of value-orientation, innovation-driven development, integrated resource allocation, open cooperation, and green and low-carbon growth, and strives to achieve its corporate vision of building a world leading energy and chemical company.
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