Introduction of Sinochem Quanzhou Petrochemical Co., Ltd.

Sinochem Quanzhou Petrochemical Co., Ltd. belongs to China Sinochem Group Corporation. The project is invested and constructed by China Sinochem Group, a large state-owned backbone enterprise and a fortune 500 enterprise. Located in Hui Quan Petrochemical Industrial Park, Meizhou Bay Petrochemical Base, Fujian, covering an area of about 4,000 mu. Sinochem Quanzhou Petrochemical Co., Ltd. plans to build 19 sets of refinery production facilities including atmospheric and vacuum distillation, residue hydrogenation, wax oil hydrocracking, continuous reforming, heavy oil catalytic cracking, delayed coking and polypropylene, and supporting terminal storage facilities. The annual design and processing of crude oil120,000 tons, with a total investment of about 30 billion yuan, mainly produces kerosene, gasoline, diesel oil, benzene, toluene and mixed xylene.

Sinochem Quanzhou Petrochemical Project is planned and constructed with the goal of "first-class in the world and leading in China". In terms of process flow, the project adopts the scheme of "large residue hydrogenation+small delayed coking", which has strong processing capacity for heavy and inferior crude oil, and the proportion of hydrogenation capacity to primary crude oil processing capacity reaches the highest level in China. Crude oil resources are deeply and comprehensively utilized, and the output of light oil is at the leading level in the industry. The key core equipment of the project has introduced mature technologies with international advanced level. The environmental protection, safety and occupational health of the project are designed according to high international and domestic standards, and the most advanced refinery wastewater treatment technology in the world is adopted. The investment in environmental protection, including product refining, desulfurization and other devices, exceeds 2 billion yuan.