Hengli Petrochemicals net profit doubled year-on-year by 4 billion yuan in the first half of the year

category:Finance
 Hengli Petrochemicals net profit doubled year-on-year by 4 billion yuan in the first half of the year


Hengli Petrochemical Full-Funded Construction Refining Project is a major petroleum refining project with the largest scale of one-off construction, the most complex technology, the longest processing process, the highest degree of business integration and the most complete industrial matching in the world, creating the largest number of industries in the world. The project includes 20 million tons atmospheric and vacuum distillation, 11.5 million tons heavy oil hydrogenation unit, 9.6 million tons reforming unit, 4.5 million tons aromatics unit and 1.3 million tons mixed dehydrogenation unit.

Hengli Refining and Chemical Project is planned by Axens of France and CLG of the United States. The worlds most advanced full hydrogenation and fluidized bed hydrogenation processes are selected to produce the highest quality finished oil and chemical products with the worst crude oil. Among them, 6 million tons of gasoline, coal and diesel oil are produced annually, accounting for 30%. At the same time, the 4.5 million tons of PX and 350,000 tons of acetic acid produced by Hengli Refining and Chemical Project are directly transported to the PTA plant adjacent to the project by pipeline, which can save a lot of intermediate costs such as freight, tariff and wastage compared with foreign imports. Refinery, chemical industry and coal chemical industry complement each other and rely on each other, together with the advantages of storage and transportation system of raw materials and products, which greatly enhances the operational flexibility space and comprehensive cost advantages of the project. According to current production estimates, in 2019, the refinery project is expected to achieve output value of more than 150 billion yuan, profit and tax of 38 billion yuan. At present, Hengli Petrochemicals 1.5 million tons/year ethylene project and 2.5 million tons/year PTA-4 project have entered the peak period of equipment installation, and are scheduled to start in October this year. In addition, 2.5 million tons/year PTA-5 project, 1.35 million tons/year multi-functional high-quality textile new materials project and 200,000 tons/year high-performance automotive industrial silk technology reform project will be put into operation next year. By 2020, after all the projects under construction have reached production, Hengli Petrochemical is expected to achieve output value of 300 billion yuan and profits and taxes of 65 billion yuan. Source: Responsible Editor of Securities Times: Yang Bin_NF4368

Hengli Refining and Chemical Project is planned by Axens of France and CLG of the United States. The worlds most advanced full hydrogenation and fluidized bed hydrogenation processes are selected to produce the highest quality finished oil and chemical products with the worst crude oil. Among them, 6 million tons of gasoline, coal and diesel oil are produced annually, accounting for 30%. At the same time, the 4.5 million tons of PX and 350,000 tons of acetic acid produced by Hengli Refining and Chemical Project are directly transported to the PTA plant adjacent to the project by pipeline, which can save a lot of intermediate costs such as freight, tariff and wastage compared with foreign imports. Refinery, chemical industry and coal chemical industry complement each other and rely on each other, together with the advantages of storage and transportation system of raw materials and products, which greatly enhances the operational flexibility space and comprehensive cost advantages of the project. According to current production estimates, in 2019, the refinery project is expected to achieve output value of more than 150 billion yuan, profit and tax of 38 billion yuan.

At present, Hengli Petrochemicals 1.5 million tons/year ethylene project and 2.5 million tons/year PTA-4 project have entered the peak period of equipment installation, and are scheduled to start in October this year. In addition, 2.5 million tons/year PTA-5 project, 1.35 million tons/year multi-functional high-quality textile new materials project and 200,000 tons/year high-performance automotive industrial silk technology reform project will be put into operation next year. By 2020, after all the projects under construction have reached production, Hengli Petrochemical is expected to achieve output value of 300 billion yuan and profits and taxes of 65 billion yuan.