Located in Quanhui Petrochemical Industrial Park of Quanzhou, Fujian Province, the total investment of the project is nearly $4.84 billion (RMB30 billion). All its gasoline and diesel products meet Euro V emission standards.
The project has a total of 19 units, including those related to such processes as atmospheric and vacuum distillation, residue hydrotreating, VGO hydrocracking, continuous reforming, heavy oil catalytic cracking, delayed coking, and polypropylene, as well as supporting dock and storage facilities.
The project is expected to generate an annual gross sales revenue of nearly $11.27 billion (RMB70 billion) , with over $1.93 billion (RMB12 billion) in tax and profits contribution.
The Sinochem Quanzhou refining project is said to be designed and constructed in accordance with "domestically leading and world advanced" standards, and Sinochem Group is committed to building the project into a large-scale, modern refining enterprise characterized by advanced techniques, resource efficiency, environmental friendliness and sustainable development.
The project enjoys advantages domestically in safety and environment protection, energy-saving and emission-reduction, general layout and general process, technical plan, unit scale, product quality and market suitability, according to company officials.
Domestically or internationally advanced technologies have been adopted for its principal units: both the catalytic cracking unit and atmospheric and vacuum distillation unit employ domestic techniques with internationally advanced standards; most advanced international techniques have been introduced for the residue hydrotreating unit, the hydrocracking unit and the continuous reforming unit; the oil refining process adopts "residue hydrotreating + delayed coking + catalytic cracking" scheme.
The project features high energy efficiency, with its BT energy consumption index reaching 131.2%, a leading level among domestic refineries. Meanwhile, the installation can be made to suit any desired diesel-gasoline ratio within the range of 1.2-2.3, based on actual market demand.