Core Viewpoint - The Liaohe Petrochemical Company is undertaking a comprehensive construction project to adjust the product structure of its lubricating oil, which includes the establishment of new processing facilities to enhance production capacity and optimize product offerings [1] Group 1: Project Overview - The project has completed the pile foundation construction for the heating furnace area and is currently working on the pile foundation for the distribution room area [1] - The main engineering components of the project include the construction of a 500,000 tons/year solvent deasphalting unit and a 400,000 tons/year lubricating oil hydrocracking unit [1] Group 2: Product Development - Upon implementation, the project will enable Liaohe Petrochemical to produce high-end lubricating oil raw materials and products, including high viscosity index base oils and bright oils, which are in significant market demand [1] - The product range will cover high viscosity lubricating oil base oils, aromatic and naphthenic rubber plasticizers, transformer heat transfer oils, and bright oils, thereby optimizing the overall product structure of the company [1] Group 3: Production Strategy - The company aims to increase the production of market-oriented specialty refining products such as naphthenic rubber plasticizers, bright oils, transformer oils, and II/III class base oils through the new units [1] - The project will utilize various oil fractions and heavy oil residues to achieve a scale, differentiation, and base-oriented production of lubricating oils [1]