Core Insights - The launch of the Jin Cheng Petrochemical Ethane-Rich Gas Project marks a significant step in the transformation and upgrading of the petrochemical industry in Panjin [1] - The project will provide a stable supply of 150,000 tons of ethane-rich gas annually to the ethylene unit of Liaoning Jin Cheng LyondellBasell Petrochemical Co., enhancing the efficiency and stability of raw material supply [1] - The project aims to shift the utilization of by-product dry gas from a fuel level to a high-value chemical raw material level, significantly improving resource recycling in the refining industry [2] Group 1 - The ethane-rich gas project is located within the Panjin Northern Asphalt Fuel Co., a subsidiary of Liaoning Jin Cheng Petrochemical Co., and is designed to facilitate a tightly coordinated industrial chain from "dry gas to ethane-rich gas to ethylene" [1] - The project employs a shallow cold oil absorption process to efficiently recover and concentrate ethane and other light hydrocarbon components from dry gas, with a designed daily recovery of 280 tons of ethane-rich gas [2] - The initiative is expected to reduce fossil fuel consumption in heating furnaces and lower carbon dioxide emissions, contributing to a greener and more sustainable petrochemical industry [2] Group 2 - Liaoning Jin Cheng LyondellBasell Petrochemical Co. plans to leverage LyondellBasell's global resources and experience to attract more upstream and downstream enterprises to Panjin, fostering an industrial cluster effect [1] - The project supports the alignment of Panjin's petrochemical industry with international advanced standards in technology research and development, safety production, and green low-carbon initiatives [1]

Core Viewpoint - The successful commissioning of the ethane-rich facility by Panjin Northern Asphalt Fuel Co., Ltd. marks a significant milestone in the company's production capabilities and resource optimization efforts [1][4]. Group 1: Project Overview - The ethane-rich facility consists of a 330,000-ton annual ethane gas extraction unit and a 260,000-ton annual low-boiling gas de-asphalting unit [4]. - The facility utilizes feedstocks such as coking dry gas, light hydrocarbon gas, and low-boiling gas, establishing a stable and efficient raw material supply system [4]. Group 2: Production and Market Impact - Upon full operation, the facility is expected to produce 330,000 tons of high-quality ethane gas annually, which will serve as a premium raw material for expanding into high-end markets [4]. - The successful operation of the facility demonstrates the company's comprehensive strengths in process technology, production management, and safety and environmental protection [4]. Group 3: Strategic Significance - The commissioning of the ethane-rich facility represents a key advancement in the company's integrated refining layout, supporting further resource optimization and industry chain extension [4]. - This project is a crucial step in enhancing the overall competitiveness of the company in the market [4].