“This year, the production capacity of Shandong refining will exceed 80 million tons.†Recently, Zhao Youshan, chairman of the China Petroleum Business Committee of the China Business Federation, expressed at the 4th Shandong Geogrid Market and Development Summit and the 3rd Sino-foreign Oil Business Summit.
According to reports, in 2011, Shandong Geotechnique will usher in a new production capacity with a centralized processing capacity. It is expected that approximately 20 million tons of capacity will be put into production. The projects to be put into operation in 2011 include Huaxing Petrochemical 6 million tons/year atmospheric decompression device, Zhenghe Group 5 million tons/year atmospheric decompression device and Dongming Petrochemical 6 million tons/year atmospheric decompression device. The primary processing capacity of the plant will jump to 8.5 million tons/year, 8 million tons/year and 11.5 million tons/year respectively. The scale of the 10 million-ton refinery project used to be the size of petrochemical giants such as PetroChina and Sinopec.
A representative of the local refining company said: “There is no way out if we do not expand production in the future.†Shandong has always been a major province of oil refining, and local oil refining companies have gathered, but the scale has always been a problem for local refining companies. If the scale is not up to a certain level, it may be suddenly shut down by the sudden "policy" of the policy.
The Guidance Opinions on the Structural Adjustment of the Petroleum and Chemical Industry and the Guidance Opinions on the Revitalization and Support of the Petroleum and Chemical Industry, issued in 2009, emphasize the need to expedite the phase-out of 1 million tons/year refining equipment and prevent the use of asphalt, heavy oil processing, etc. Create some new refinery projects. According to news from the National Development and Reform Commission, China will eliminate 1 million tons or less of low-quality, low-quality, backward oil refining equipment by 2011 and actively guide the shutdown and conversion of 1 million to 2 million tons of oil refining equipment.
Now that it is the 2011 deadline, many companies in Shandong Province such as Kenli Petrochemical, Jingbo Petrochemical, and Haokelin Chemical have all taken active actions to implement projects and expand production capacity, either for immediate national standards or for the future. Can broaden the road to development.
Li Hongxun, professor of the School of Economics and Management at China University of Petroleum, pointed out that the current profitability of Shandong refinery is still good, but the overall scale is small, and the quality is also out of reach of the central government. Petrochemical is a highly capital-intensive industry with a strong monopoly of resources. Under such circumstances, the fundamental way out for ground refining lies in expanding the scale, improving the technological level, and strengthening services, instead of relying mainly on external factors such as favorable policies to stimulate growth.
Liu Aiying, chairman of the Shandong Association of Ground Improvements, has repeatedly stated that as the country's largest local refining sector, Shandong geotechnical companies have been living in the cracks between the two major oil groups. Crude oil relies on its administrative allocation, and refined oil must be sold on its behalf. There are not enough oil sources, there are not enough large scales, and the danger of the elimination of production capacity, etc. These factors have been forcing local refineries to further expand their production capacity.
In the case of abundant raw materials and unimpeded sales channels, the expansion of refineries means an increase in efficiency for refineries, but raw materials, technologies and other preconditions are not easily met. The reporter learned that most of the raw materials currently used in Shandong smelting are fuel oil, and their properties are not as stable as crude oil. However, the country's annual allocation of crude oil is far from meeting its capacity. Therefore, some local governments have imported crude oil and fuel oil from abroad, which has undoubtedly increased costs. In the case of a large number of large-scale expansions and expansion of central enterprises into the construction of a refinery project in Shandong, it is bound to cause pressures such as raw material competition, sales crashes, and environmental protection. A new round of shuffling is inevitable.
On December 30, 2010, Sinochem Corporation signed a capital increase subscription agreement with Shandong Hongrun Petrochemical and said that it will use Hongrun Petrochemical as an opportunity to strengthen its all-round investment cooperation with Shandong Province in the midstream and downstream sectors of the oil industry. The large petrochemical central enterprises, including the three major oil companies and the China Chemical Industry Group, are also increasing their cooperation with local refining companies.
While various local refining companies have expanded production, the international oil giants are also eyeing this "fat." USICapital, an international energy consulting and communications company dedicated to the oil and gas industry, will bring a number of international oil companies to carry out a full-scale expedition to Shandong Terrain. Including BP, ConocoPhillips, Total, Shell and many other international petrochemical giants.
Participants in the industry said that with the continuous expansion of oil refinery scale, the demand for capital and raw materials has become increasingly urgent. How to introduce new investment and establish a new cooperation model has also become an urgent problem for many local refining companies. The international oil company's centralized exploration of Shandong refining will also change the pattern of Shandong's refining industry.
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