中交仪式上，联泓集团、联泓新科（003022）董事长郑月明表示，联泓格润一体化项目是联泓战略2.0 阶段投资额最大、装置数量最多的项目，对夯实联泓未来发展基础意义重大。他希望项目做好生产准备 与试运行工作的无缝衔接，确保项目一次开车成功，努力让项目成为行业安全绿色、创新创造、高效运 营的典范。 据了解，到2025年底，联泓战略2.0阶段规划的项目将全部落地，新能源材料、生物材料、电子材料和 特种材料四大板块的业务更加清晰，产品品类更加丰富，规模将跃上一个新台阶。 9月26日，联泓格润新能源材料和生物可降解材料一体化项目在枣庄滕州实现整体中交，预计今年年底 前项目将打通全流程，实现全面投产。 联泓格润一体化项目是山东省重大项目，总投资125亿元，占地约1700亩，主要建设130万吨/年甲醇制 烯烃(DMTO)、20万吨/年乙烯-醋酸乙烯共聚物(EVA)、30万吨/年环氧丙烷(PO)、5万吨/年聚碳酸亚丙酯 (PPC)、24万吨/年聚醚多元醇(PPG)等生产装置和相关配套设施。该项目于2023年2月启动场平，2024年 4月全面土建开工，高峰期现场作业人员超过1.2万人。此次整体中交，刷新了同类项目建设的新速度。 ...

Core Insights - The article highlights the advancements made by Jianghan Oilfield Research Institute in addressing exploration challenges in aging oilfields, resulting in the discovery of 18 new traps and the validation of 10 well locations by the end of August this year [1] Group 1: Technological Advancements - The research institute has intensified technical efforts to tackle the difficulties associated with exploring new fields, particularly in lacustrine carbonate rocks, as the exploration landscape shifts from conventional sandstone [1] - The team has implemented advanced artificial intelligence interpretation technology platforms to enhance three-dimensional visualization, thereby improving exploration efficiency and quality [1] Group 2: Collaborative Efforts - The research institute has established a collaborative platform with China University of Petroleum (East China) to develop seismic rock physics models for different types of carbonate rocks in the Qianjiang and Baimianhe regions [1] - This collaboration aims to provide robust theoretical and technical support for seismic reservoir prediction in lacustrine carbonate rocks, enriching the technology series for identifying saline lake basin carbonate rocks [1] Group 3: Achievements - As of now, the exploration team has successfully interpreted seismic data covering a total area of 1,200 square kilometers, resulting in three innovative outcomes [1] - The related technologies are currently being applied to predict and assess mineral content and porosity in carbonate rocks [1]

据悉，今朝时代在项目中应用58兆瓦超级电容。系统采用"超级电容+锂电池"混合架构，兼具100兆瓦快 速调频与42兆瓦时储能调峰能力，实现毫秒级响应，精准解决传统调频响应慢、误差大的痛点； 在-40℃极端环境下仍能稳定运行，全生命周期成本较其他技术路线方案大幅降低，系统安全性较传统 方案显著提升。项目将极大提升山西电网调节能力，同时年可减少二氧化碳排放约115万吨。 中化新网讯 近日，山西偏关百兆瓦级独立调频电站一期项目并网。该项目是全球首个百兆瓦级大规模 应用超级电容混合储能技术的调频电站，并网后将以毫秒级响应速度深度参与电网一次调频，为晋西北 地区新能源消纳搭建高效通道。 ...

中化新网讯 近日，随着国信大丰85万千瓦海上风电项目第二批次机组并网，江苏盐城新能源并网规模 达到2034万千瓦，成为长三角首个新能源并网容量超2000万千瓦的城市。 "目前，江苏已建成交直流共计8个过江输电通道，总输电能力近2500万千瓦，2025年夏季单日最大'绿 电'南送量突破3.5亿千瓦时。"国网江苏省电力有限公司发展部周文俊说。 地处黄海之滨的盐城，风、光资源富足，是国家首批碳达峰试点城市之一。在2034万千瓦新能源并网容 量中，风电占48%，光伏发电占51%。今年1至8月，盐城新能源发电量达245.5亿千瓦时。 ...

Core Insights - The sustainable aviation fuel (SAF) industry is experiencing significant growth opportunities due to the global carbon neutrality trend, despite facing challenges such as high costs, limited raw material supply, and the need for improved standards [2][3]. Industry Developments - The establishment of the China Sustainable Aviation Fuel Industry Alliance and the launch of the first SAF industry-specific policy in Chengdu highlight the growing support for SAF development [2]. - Recent projects, such as the SAF raw material production and biomass energy research base in Chengdu and the full production of the Anhui Yisheng biodiesel and SAF project, indicate a proactive approach to expanding SAF capabilities [2]. Market Potential - SAF can reduce carbon dioxide emissions by 69% to 90% compared to traditional fuels, making it a viable path for the aviation industry's decarbonization [3]. - The demand for SAF in China is projected to reach 1.3 to 1.5 million tons by 2030, accounting for 2% to 3% of aviation fuel demand [4]. Challenges - The high cost of SAF, which is 2 to 7 times that of fossil-based jet fuel, remains the biggest challenge for the industry [5]. - The current production cost of SAF using HEFA technology ranges from 15,000 to 31,000 yuan per ton, significantly higher than traditional jet fuel prices [5]. - The collection rate of waste oils is below 50%, leading to potential raw material supply issues, with only 35,000 tons of SAF capacity currently built compared to 3.28 million tons planned [5]. Strategic Recommendations - Strengthening policy guidance and support at the national level is essential, including the establishment of a sustainable standard certification system and a clear roadmap for carbon reduction in the aviation sector [7]. - Enhancing raw material collection and management systems for waste oils and agricultural residues is crucial for ensuring a stable supply [7]. - Increasing investment in core SAF technology research and promoting collaboration between research institutions and enterprises can improve production efficiency and reduce costs [7][8]. Collaborative Efforts - The SAF industry should focus on establishing a stable supply chain through collaboration among raw material suppliers, producers, and end-users [8]. - The geographical layout of SAF production should consider proximity to raw material sources and consumption areas, particularly in regions like East China and Sichuan-Chongqing [8].

Core Viewpoint - Hangyang Group has signed a contract with Xinjiang Dongming Plastics Co., Ltd. for an 800,000 tons/year coal-to-olefins project, aiming to create a replicable and promotable "green gas supply model" to support the high-quality development of Xinjiang's modern coal chemical industry [1] Group 1 - The order includes the construction of two large air separation units, each with an oxygen production capacity of 114,000 standard cubic meters per hour, making it the largest single-unit air separation device in Xinjiang [1] - Hangyang Group has actively participated in serving the national energy strategy, using Xinjiang as a strategic hub, and has continuously set records in gas supply scale, providing leading "green solutions" to inject sustainable "green momentum" into Xinjiang and the "Belt and Road" region [1] Group 2 - By the third quarter of 2025, Hangyang Group has signed multiple contracts for air separation equipment supply with various companies in Xinjiang, achieving a total oxygen production capacity exceeding 1 million cubic meters [1] - The chairman of Hangyang Group, Zheng Wei, stated that the company provides not only air separation equipment but also an integrated green solution that includes energy-saving, emission reduction, and low-carbon operation [1]

Group 1: Industry Performance - The chemical raw materials index increased by 0.40%, and the chemical machinery index rose by 1.28%, while the remaining five indices in the petroleum and chemical sectors declined [1] - The chemical pharmaceutical index decreased by 2.36%, and the pesticide and fertilizer index fell by 1.63% [1] - The petroleum processing index dropped by 0.20%, the petroleum extraction index remained stable, and the petroleum trade index decreased by 1.32% [1] Group 2: Commodity Prices - International crude oil prices saw a significant increase, with West Texas Intermediate crude oil futures settling at $65.72 per barrel, up 4.85% from September 19, and Brent crude oil futures at $70.13 per barrel, up 5.17% [1] - The top five rising petrochemical products included liquid chlorine up by 37.07%, paraquat mother liquid up by 6.25%, lithium battery electrolyte up by 5.71%, hydrogen peroxide up by 4.64%, and fluorite 97 wet powder up by 4.09% [1] - The top five declining petrochemical products included vitamin E down by 7.07%, sulfuric acid down by 6.54%, vitamin B6 down by 5.83%, methyl acrylate down by 5.59%, and dichloromethane down by 3.83% [1] Group 3: Capital Market Performance - The top five rising listed chemical companies were Lanfeng Biochemical up by 61.16%, Shuangwei New Materials up by 44.81%, Huarsoft Technology up by 31.83%, United Chemical up by 27.93%, and Asia-Pacific Industry up by 27.66% [2] - The top five declining listed chemical companies were Jinpu Titanium down by 23.15%, Hanwei Technology down by 18.80%, Sanwei Co. down by 14.29%, Hongda Co. down by 13.56%, and Bingyang Technology down by 11.93% [2]

Core Insights - Renewable hydrogen is expected to become a core component of Indian Oil Corporation's (IOC) new energy business portfolio, aligning with the Indian government's vision to establish the country as a global hydrogen market leader [1] - IOC aims to significantly increase its renewable hydrogen production capacity, targeting 500 GW of non-fossil energy installed capacity by 2030, while also focusing on biofuels and renewable energy [1] - The company plans to achieve net-zero emissions by 2046 and increase its contribution to India's energy sector from approximately 9% to 12.5% by 2050 [1] Strategic Focus - IOC's strategy includes three main areas: enhancing core refining and petrochemical capacity, diversifying into natural gas and renewable energy, and expanding the application scale of next-generation fuels [1] - Decarbonizing the refining business is a top priority for IOC, with specific reduction pathways including upgrading energy efficiency technologies, transitioning from liquid fuels to natural gas, integrating renewable energy with compressed biogas, improving grid electricity usage, and utilizing renewable hydrogen [1] Renewable Hydrogen Initiatives - IOC is actively promoting the development of India's green hydrogen ecosystem, with a renewable hydrogen plant in Panipat set to produce 10,000 tons annually, and plans to increase green hydrogen production to 350,000 tons by 2030 [1] - The company is also supporting India's "National Green Hydrogen Mission" through pilot projects and infrastructure investments, with additional renewable hydrogen projects planned in Gujarat, Uttar Pradesh, and Kerala, expected to yield a total annual output of approximately 28,365 tons [1]

Core Insights - The Asian petrochemical industry is facing significant challenges due to weak demand, oversupply, geopolitical fluctuations, and volatile crude oil prices [2][4] - The olefins sector is particularly concerning, with profitability remaining in negative territory for several years, and a potential recovery not expected until after 2030 [2][3] - Capacity reductions are underway in Japan and South Korea, with Japan planning to close three naphtha steam cracking units by 2028, reducing ethylene capacity by approximately 20% [2] - The chemical industry is expected to see long-term demand growth, but short-term challenges are anticipated due to tariff-induced volatility, with a projected 25% decline in chemical demand growth in 2025 [3] Industry Challenges - The current market fundamentals are characterized by weak demand and oversupply, compounded by geopolitical tensions and fluctuating crude oil prices, leading to uncertainty in raw material procurement [2][4] - The olefins market is expected to take 3 to 4 years to address the oversupply issue, with significant capacity reductions needed to impact the global supply landscape [3] - Recent shutdowns of approximately 4 million tons per year of cracking capacity have occurred, but further closures of 20 or more units are necessary for substantial market impact [3] Raw Material Procurement - Geopolitical tensions and trade disputes are exacerbating uncertainty in raw material procurement for Asian petrochemical producers, with crude oil prices dropping from nearly $100 per barrel in 2024 to below $70 recently [4] - The expected oil price for 2026 is around $65 per barrel, prompting producers to be more cautious in their raw material selection [4] Strategic Solutions - One proposed solution is the construction of Crude Oil to Chemicals (COTC) projects, which leverage integration advantages to simplify logistics and reduce costs [5] - COTC facilities allow producers to flexibly switch between fuel and chemical production based on market demand, enhancing operational flexibility [5] - However, the ongoing downturn in the petrochemical sector is impacting downstream investments, making it challenging for new projects to achieve returns in the short to medium term [5] Trade Dynamics - The global trade flow of petrochemical products has shifted significantly over the past five years, with a nearly 35% decline in global trade volume, particularly in aromatics [5] - Asia has emerged as a leader in aromatics production, while the U.S. is focusing on ethylene glycol and polymers, indicating a potential reshaping of global trade patterns [5]

Core Points - China National Petroleum Engineering Co., Ltd. has signed an EPC contract for the Iraq Basra seawater pipeline project with Basra Oil Company, valued at $2.524 billion and with a contract duration of 54 months [1] Company Overview - The project involves the construction of seawater treatment facilities, main pipelines from these facilities to various junction stations, and branch pipelines from junction stations to oil field distribution stations, along with associated surface facilities [1] - Basra Oil Company, the client, is a subsidiary of the Iraqi Ministry of Oil, focusing on the exploration, development, production, processing, storage, transportation, and export of crude oil and natural gas in southern Iraq [1]