Xin Hua Cai Jing·2025-10-31 05:14Group 1 - The core project of China's petrochemical industry, the Guangxi Petrochemical Ethylene Project, successfully commenced production on October 30, with a total investment exceeding 30 billion yuan [1] - This project is the largest million-ton ethylene project in Southwest China, marking a significant milestone in the transition from refining to integrated refining and chemical production for China National Petroleum Corporation (CNPC) [1] - The project features a 1.2 million tons/year ethylene unit and includes 16 main production facilities, with innovations such as the world's largest diesel adsorption separation unit, improving raw material utilization efficiency by over 15% compared to traditional processes [1] Group 2 - The project is expected to reduce oil products by 3.49 million tons annually and increase chemical products by 3.06 million tons, addressing domestic supply gaps in functional rubber and high-end membrane materials [1] - The project aims to transform Guangxi from basic chemicals to high-end chemical new materials, supporting the creation of a trillion-yuan industrial cluster aimed at the ASEAN market [2] - CNPC plans to focus on market demand, management enhancement, and technological breakthroughs to fully release chemical product capacity, contributing to national energy security and the establishment of a modern industrial system [2]