Sinopec's Petrochemical Giant: A New Era of Energy Efficiency

In a significant milestone for China's petrochemical industry, Sinopec has completed the construction of the country's largest petrochemical industrial base. This achievement not only solidifies Sinopec's position as a global leader but also sets new benchmarks for innovation, smart manufacturing, and energy efficiency. Let's delve into the details of this remarkable project and explore its implications for Sinopec's future.

The Zhejiang Ningbo Petrochemical Industrial Base, with a total refining capacity of 50 million tons annually, is a testament to Sinopec's commitment to technological advancement and sustainability. The second-phase expansion and advanced materials project, with a total investment of CNY 41.6 billion, incorporates 18 production units, including atmospheric distillation, catalytic cracking, polypropylene, and propane dehydrogenation units. By emphasizing chemical-focused processes, the project creates multiple high-value-added supply chains, supporting the development of high-end polyolefins, advanced materials, and specialty chemicals.

The facility's expanded production capacity is expected to provide approximately 8 million tons of petrochemical products annually, significantly boosting the overall capacity of supply chains for industries such as automotive, home appliances, and textiles in the region. This expansion is forecast to generate trillions of yuan in upstream and downstream industrial value, contributing to Sinopec's revenue growth and profitability.

One of the standout features of this project is the localization of 10 core technologies, including the world's highest-load vertical labyrinth compressor. This technological advancement enables the facility to achieve an overall reduction in energy consumption of 11.7%, demonstrating Sinopec's commitment to energy efficiency and sustainability. By investing in and developing these core technologies, Sinopec reduces its reliance on foreign imports, enhances its competitive edge, and fosters innovation in the petrochemical industry.

The extensive deployment of smart technologies at the Zhenhai Refinery enables simultaneous delivery of digital and physical factories. This integration of digital and physical systems allows for real-time data collection, analysis, and decision-making, enhancing operational efficiency and reducing costs. The smart technologies, such as the world's highest-load vertical labyrinth compressor and a fully localized industrial operating system, enable predictive maintenance, automated process control, and optimized resource allocation.

The integration of a fully localized industrial operating system and a self-developed industrial internet platform has significantly enhanced decision-making and management at the Zhenhai Refinery project. This advanced technology enables real-time data collection and analysis, allowing for proactive identification and resolution of issues, and optimizing resource allocation. The platform also facilitates seamless communication and collaboration among different departments and stakeholders, improving overall operational efficiency.

In conclusion, Sinopec's completion of the Zhejiang Ningbo Petrochemical Industrial Base marks a significant milestone in the company's history and the global petrochemical industry. The project's focus on high-value-added supply chains, advanced materials, and energy efficiency positions Sinopec as a leader in the global energy landscape. As the company continues to invest in innovation and sustainability, it is well-positioned to drive the energy transition and promote a more sustainable future.