Petrochemical and Salt Integration CNOOC plans to invest 10 billion yuan

At present, the petrochemical salinization integration project has entered the feasibility study report preparation stage. Shandong Haihua Group expects the report to be completed in August and September of this year. The person in charge of the Investment Division of the CNOOC Refining and Sales Division told this newspaper that after the completion of the feasibility study report, the next most important issue, the environmental assessment report, may take longer. After completing all approvals, the project is expected to start in the next two years.

Feasibility study report

From February 21st to 22nd, the petrochemical and salinization integration project team held a work coordination meeting to deploy relevant work initiated by the feasibility study report. The report shows that the analysis will be conducted on various aspects such as the advantages and disadvantages of the project, development conditions, technical strength, competitiveness, the impact of project follow-up on the regional economy, and the return on investment.

Zhang Qinye, head of news of Shandong Haihua Group, told this newspaper that the CNOOC Group spent a relatively long period of time on preliminary investigations and reports, and the report normally completed in 8-14 weeks actually lasted more than one year and was very detailed. It is scared to leave imperfections. According to the initial planning of the project, the investment amount is 10 billion yuan. "But now that prices are rising, various budgets may exceed 10 billion yuan after the feasibility study report comes out."

The relevant person in charge of Shandong Haihua Group stated that the project will learn from foreign experience, because most of the foreign salt chemical industry is equipped with petrochemical raw materials, the industry chain is long, and the added value is high, such as Dow Chemical and BASF. The combination of petrochemical salinization can extend many competitive downstream chemicals, which will be reflected in the feasibility study report.

Characteristic chemical industry

According to the information provided by Shandong Haihua Group, the direction of the project has been determined, that is, the use of CNOOC's oil resources and Weifang's original salt resources to organically combine petrochemicals and salt chemicals. Create a petrochemical and salinity integrated chemical base.

Industry insiders say that companies that have both petrochemical and salinization resources are rare. This is a strategic advantage for CNOOC to achieve differentiated competition.

CNOOC has always been an upstream company solely engaged in the exploration and development of sea gas. In the past few years, it has only started to develop downstream industries, but starting from the integration of petrochemical salinization is a high starting point.

Due to the project's process, there are differences, low costs, and resources can be recycled. According to preliminary statistics, the project has 12 technological and technological innovation points. Compared with traditional technologies, the project can save 460,600 tons of standard coal annually, reduce carbon dioxide emissions by 1.8 million tons, and reduce the overall cost by more than 700 million yuan. The current project has been listed in the draft of the 12th Five-Year Development Plan of CNOOC, and the overall technical plan will accelerate the advancement of pre-feasibility research after passing the high-level demonstration.

The simple salt chemical industry belongs to the traditional inorganic industrial raw material industry. Its technical content and added value are relatively low. The industry chain is short and it is difficult to continue to develop downstream alone. The vast majority of petrochemical enterprises have no basis for salt chemical industry and industrial advantages. Can develop petrochemicals.

"Employing petrochemicals or salt chemicals alone is not as good as combining the two. After combining, it can distinguish other companies and maximize the use of resources," Zhang Qinye said. The relevant person in charge of the Investment Division of CNOOC's Refining and Sales Division also stated that the project will be an extension of the refining and chemical industry and will form fine chemical products.

In fact, when CNOOC acquired Shandong Haihua Group in 2009 and became a controlling shareholder of Haihua, CNOOC announced the launch of the petrochemical and salinity integration project. Therefore, in a sense, the integration of petrochemical salinization is an important reason for the acquisition of Shandong Haihua by CNOOC.

Multi-push

The leading unit of CNOOC Petrochemical Salinization Integration Project is CNOOC Petrochemical Company's refining and sales division, which is specifically responsible for Shandong Haihua Group. The project team members include the relevant person in charge of the CNOOC Refining and Sales Division, relevant units of Shandong Haihua Group, research institutes, Weifang City Development and Reform Commission, Economic and Information Commission, and Weifang Binhai Economic and Technological Development Zone.

Although the signing parties of this one-billion-dollar project are the CNOOC Refining and Sales Division and the Weifang Binhai Economic Development Zone. However, it is highly valued from Shandong Province, Weifang local government, Weifang Binhai Development Zone and related companies.

“This project was not attracted by the invitation of Weifang City, but it is a key project identified by Shandong Province and landed in Weifang City. Therefore, it has also become a major project promoted by Weifang City and Binhai Economic and Technological Development Zone.” Weifang Binhai Economic and Technological Development Zone The person in charge of the China Merchants Bank stated to this newspaper.

In the key points of Weifang City Development and Reform Commission's work in 2011, the emphasis was placed on advancing the integration of CNOOC Petrochemical's salinization.

In the afternoon of February 18, the Shandong Provincial Party Committee and Provincial Government held the “100 million yuan CNOOC Shandong Petrochemical Salinization Integration Project” as a conference for the development of the Shandong Peninsula Blue Economic Zone and the project promotion meeting held at the Great Hall of the People in Beijing. One of the four on-site signing projects.

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