Core Viewpoint - Guangdong Petrochemical aims to become a world-class green, intelligent, and efficient refining enterprise, focusing on low-carbon transformation and driving green development under the "dual carbon" strategy [1] Group 1: Low-Carbon Transformation - The company is optimizing its traditional oil raw material structure by adopting a "molecular refining" management strategy, maximizing the conversion of crude oil into high-value products like ethylene and aromatics, thereby reducing energy waste [4] - Recent optimizations in the hydrogenation cracking and diesel hydrogenation units have increased the average ethylene yield from 40.42% in Q1 to 41.52% in Q2, resulting in an additional production of 9,420 tons of ethylene [4] - The company has implemented closed coking technology to address environmental issues, achieving near-zero VOC emissions and a desulfurization rate of over 97% for purified tail gas, which can reduce VOC emissions by over 500 tons annually [4][5] Group 2: Energy Efficiency and Management - Guangdong Petrochemical's integrated refining project is recognized as a "super refining aircraft carrier," featuring the world's largest single production capacity units for aromatics and ethylene [7] - The company has improved the catalyst circulation rate of its continuous reforming units from 65% to 80% and increased the aromatic content in pentane oil from 82.5% to 89.69% [7] - The company has reduced natural gas usage by nearly 1.2 million standard cubic meters and steam consumption by approximately 17,000 tons annually through energy efficiency measures [7][8] Group 3: Carbon Emission Management - A carbon emission control system based on "digital twin + industrial internet" technology is set to be operational by the end of 2024, expected to reduce carbon emissions by about 50,000 tons per year, generating benefits of approximately 4 million yuan annually [13] - The company is the first in China to adopt a 100% petroleum coke hydrogen production process, which produces 2.7 billion yuan in carbon emission costs annually [13] Group 4: Technical Innovations - The company has established a technical team to ensure the stable operation of petroleum coke blending, achieving over 85% operational load and breaking records for continuous operation duration [14]

Core Viewpoint - Jilin Petrochemical has successfully tested the world's first 1 million tons/year diesel adsorption device, marking a significant advancement in the industrial application of diesel adsorption separation technology, facilitating the company's transition from refining to chemical production [1] Group 1: Technological Advancements - The project utilizes a complete set of diesel adsorption separation technology developed jointly by Kunlun Engineering and CNOOC Tianjin Chemical Research and Design Institute, overcoming the industry's challenge of efficiently separating aromatics from non-aromatics [1] - The technology embodies the "molecular refining" concept, aiming to maximize the value extraction of each molecule with a focus on "oil when suitable, olefins when suitable, and aromatics when suitable" [1] Group 2: Economic Impact - The device uses hydrogen-refined diesel as raw material, producing non-aromatic adsorbents that can be directly supplied to ethylene cracking units as high-quality feedstock, while aromatic adsorbents are sent to hydrocracking and catalytic cracking units, creating a closed-loop industrial chain of "raw materials - processing - high-value products" [1] - This project is part of a larger transformation and upgrading initiative with a total investment of 33.9 billion yuan, making it one of the largest single investment industrial projects in Jilin Province, supporting the local traditional industry’s intelligent and digital transformation [1]

Core Viewpoint - Jilin Petrochemical has successfully tested the third batch of products from the world's first 1 million tons/year diesel adsorption unit, marking a significant advancement in the industrial application of diesel adsorption separation technology and supporting the company's transition from refining to chemical production [1][2]. Group 1: Project Overview - The project utilizes a complete set of diesel adsorption separation technology developed jointly by Kunlun Engineering and CNOOC Tianjin Chemical Research Design Institute, overcoming the industry challenge of efficiently separating aromatics from non-aromatics [2]. - The technology embodies the "molecular refining" concept, aiming to maximize the value of each molecule by focusing on the principle of "oil when suitable, olefins when suitable, aromatics when suitable" [2]. Group 2: Economic Impact - The unit uses hydrogenated refined diesel as raw material, producing non-aromatic adsorbents that can be directly supplied to ethylene cracking units as high-quality feedstock, while aromatic adsorbents are sent to catalytic cracking and upgrading units, creating a closed-loop industrial chain of "raw materials - processing - high-value products" [2]. - This unit is part of a larger transformation and upgrading project with a total investment of 33.9 billion yuan, making it one of the largest single investment industrial projects in Jilin Province, thus providing strong support for the company's efforts to promote intelligent and digital transformation of traditional industries and accelerate the development of a trillion-level chemical industry in the region [2].

Core Insights - The Asian Refining and Chemical Technology Conference highlighted the transformation of the refining industry towards "reducing oil and increasing chemicals," "reducing oil and increasing specialties," and "reducing oil and increasing materials" to address structural challenges and promote green low-carbon development [1][3] Group 1: Industry Challenges and Transformations - China's petrochemical and chemical industry ranks first globally in total output value, with refining, ethylene, and polyethylene capacities also leading the world [1] - The refining industry faces a significant structural contradiction characterized by an oversupply of low-end products and a shortage of high-end products, with a projected refining operating rate below 80% in 2024 [1][2] - The industry aims to increase the production ratio of chemical products, high-value specialty oils, and advanced materials through innovative technologies such as catalytic cracking and transformative cracking [1][2] Group 2: Green Low-Carbon Development - The refining industry must accelerate its green low-carbon transition, which presents both challenges and opportunities, including upgrading facilities and phasing out outdated capacities [3][4] - Key strategies for achieving green low-carbon goals include transitioning to renewable energy, optimizing resource utilization, and enhancing process efficiency through new technologies [4][3] - The utilization of non-food biomass resources, with a potential annual total exceeding 3.5 billion tons, could significantly reduce reliance on food crops if the utilization rate of straw is increased to 50% [4] Group 3: Technological Innovations - The integration of advanced technologies such as computational fluid dynamics (CFD) and artificial intelligence (AI) is essential for achieving low-carbon smart refining [5][6] - The development of molecular refining strategies allows for the optimization of processing and product properties at the molecular level, enhancing the value of each molecule produced [5][6] - Flexible refining processes that adapt to market demands can significantly improve cost efficiency and product value, enabling the production of low-carbon olefins and aromatics [6]