恒逸石化文莱炼化二期项目全面启动

Group 1 - Company Hengyi Petrochemical has announced the full launch of the PMB petrochemical project phase II (Brunei Refinery Phase II), aiming for completion by the end of 2028, in response to local policy and market conditions [1] - The design capacity of the Brunei Refinery Phase II has been optimized to 12 million tons per year, focusing on producing diesel, PX, benzene, polypropylene, and other high-value-added products, which will increase the total capacity of the Brunei refinery to 20 million tons per year upon completion [1] - The project is expected to enhance the company's overseas market share, strengthen integrated industrial chain advantages, reduce production costs, ensure stable raw material supply, and improve product structure to meet diverse market demands [1] Group 2 - The Southeast Asian refined oil supply-demand situation remains tight, with demand driven by GDP growth significantly above the global average and old capacities being phased out, leading to limited new capacity additions [2] - According to IEA forecasts, the supply-demand gap for refined oil in Southeast Asia is expected to expand to 68 million tons by 2026, providing significant market opportunities for the Brunei refining project [2] - Hengyi Group and its affiliates have adjusted their share buyback price range from a maximum of 10 yuan per share to 15 yuan per share, reflecting confidence in the company's future development and long-term investment value [2]