Sinopec Caofeidian Refinery Project or this year will start to invest 28.5 billion yuan

China Drying Network The preparation of more than three years of Sinopec Caofeidian 10 million tons of oil refining project is expected to officially start this year.

"First Financial Daily" reporter learned from the website of the Ministry of Environmental Protection that China Petroleum & Chemical Corporation Beijing Yanshan Branch submitted the Caofeidian 10 million-ton oil refining project environmental impact report to the Ministry of Environmental Protection on January 17 (hereinafter referred to as the "EIA Report ").

“This means that the project enters the phase of the EIA approval process.” Xia Jun, a member of the China National Lawyers Association’s Environmental and Resources Law Committee, told this reporter that the Ministry of Environmental Protection’s approval time is generally between 2 months and 6 months. The EIA approval is a necessary condition for the commencement of the project.

The Caofeidian Refinery Project is built by Sinopec Beijing Yanshan Branch (hereinafter referred to as “Yanshan Petrochemical”) and is located in the petrochemical industrial site planned in the southeastern part of the Caofeidian Circular Economy Demonstration Zone in Tangshan City, Hebei Province, and is on the west side of Sinopec crude oil commercial reserve base. Adjacent.

According to the EIA report, the total planned investment of the project is 28.57 billion yuan, of which the environmental protection investment is 1.674 billion yuan and the construction period is from 2013 to 2015.

Sinopec Caofeidian Refining Project was approved by the National Development and Reform Commission in August 2011 to carry out preliminary work and was evaluated by the expert group in February last year. If the project is successfully approved by the EIA, it is expected to begin construction this year. “But if the Ministry of Environmental Protection returns or approves the failure to pass the EIA report, the start date of the project will be postponed.” Xia Jun said.

As early as September 2009, Sinopec executives announced to the outside world for the first time that Sinopec will build 10 million tons of oil refining and 1 million tons of ethylene integration projects in Caofeidian, Tangshan. However, the above EIA report shows that the project's planning has been slightly adjusted, the project includes 12 million tons of oil refining projects, 300,000 tons of crude oil docks, 50,000 tons of refined oil terminals, railway special lines and power transmission and transformation projects, mainly Processing Saudi crude oil imports to produce gasoline, diesel, jet fuel, liquefied gas and aromatic hydrocarbons that meet the quality requirements of Beijing Standard.

Yanshan Petrochemical is the only large-scale petrochemical company in Beijing. However, due to Beijing's limited environmental capacity and the need for development in other places, Yanshan Petrochemical plans to build a Caofeidian refinery project. Yanshan Petrochemical's existing crude oil processing capacity has exceeded 10 million tons/year, and ethylene production capacity has exceeded 800,000 tons/year. After the Caofeidian project is completed, Yanshan Petrochemical's refining capacity will exceed 20 million tons/year.

According to the EIA report, relying on its unique deep-water port site, convenient transportation of imported crude oil, and greater development potential, Caofeidian builds a 10 million-ton oil-refining project, which can accelerate the formation of a cluster of state-owned refining companies in the Bohai Rim region and meet 2015 standards. After the year, the domestic and Beijing oil product market demand.

Chen Ching, an analyst with Analyst Analyst, told the reporter that the current supply of refined oil in North China surrounding Beijing is not tight. Sinopec should be building a new Caofeidian refinery project because of the expected increase in demand for refined oil products in the future.

There is no lack of refining projects around Beijing, and only Sinopec has a number of refining projects, including Tianjin Petrochemical, Shijiazhuang Petrochemical, Qilu Petrochemical, and Qingdao Refinery. In addition, there are a number of existing refineries of PetroChina and Shandong Private Enterprises, and the 10-million-ton refinery project of PetroChina subsidiary, Huabei Petrochemical Company, is still under construction.

Some institutions expect that at the end of the “Twelfth Five-Year Plan”, China's refining capacity will exceed 800 million tons/year, and the refining industry will all face excess risks. According to Liu Chuanjun, senior information manager of Anxon SiSheng Energy, 2013 and 2014 will be the peak period for the nation's new refineries, and the consumption of gasoline and diesel will be reduced from a high growth rate of over 10% to a steady growth of around 5%. , into the stage of excess oil refining.

In the past 2012, the processing volume of crude oil of Sinopec and PetroChina continued to increase. The reporter learned from the internal reports of the two companies that Sinopec's total crude oil processing volume for 2012 was up 1.9% over the previous year. During the same period, PetroChina's crude oil processing volume increased by 1.7% year-on-year, a record high.

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