Refining capacity continues to grow rapidly As of the end of 2009, China's crude oil processing capacity has soared from 276 million tons in 2000 to 477 million tons, ranking second in the world. In the first decade of the new century, China's oil refining capacity surged by 72.8%, becoming the largest increase in refining capacity and the fastest growth rate in the 60 years since the founding of New China. Sinopec has now become the third largest oil refining company in the world, and CNPC has also developed into the world’s eighth-largest oil refining company. In 2009, the annual processing capacity of Sinopec and PetroChina crude oil reached 223.5 million tons and 142.5 million tons respectively, which accounted for 46.9% and 29.9% of the national production capacity, respectively. In May 2009, a 12 million-ton/year Huizhou refinery built by CNOOC was put into production, and its refining capacity increased to 19.5 million tons per year, accounting for 4.1% of the country's total production capacity. The total refining capacity of local refineries in 2008 reached 88.05 million tons. The scale of the refinery is continuously expanding and the degree of intensification continues to increase At present, China has formed 17 million-ton-grade oil refining bases, and domestic crude oil refining capacity of oil refineries with a capacity of more than 10 million tons accounts for nearly 50% of the country's total processing capacity. The refining capacity of Dalian Petrochemical and Zhenhai Refinery reached 20 million tons per year. Another batch of 10 million-ton oil refinery bases are under construction or planning. By 2010, China will form about 20 million tons of crude oil processing bases, and its total processing capacity will account for 65% of the country's total capacity; the average size of oil refining enterprises will reach 5.7 million tons per year. China has formed a large number of large-scale integrated refining and chemical bases. Refinery structure is continuously adjusted and optimized At present, the world's total crude oil quality changes its tendency to become heavier, and the sulfur content and metal content are getting higher and higher, making processing more and more difficult. The market's requirements for light petroleum products, low-sulfur and sulfur-free clean fuels, high-quality petrochemical raw materials, and environmental protection are all the more pressing and the standards are getting higher and higher. Therefore, it is necessary to have sufficient deep processing capacity and fine processing ability. The composition of China's refinery equipment has been continuously adjusted in recent years, and the ability of deep processing and finishing has been continuously improved. With the continuous improvement of the quality requirements of oil products, the proportion of hydrofining capacity in China's refining industry is also increasing and the largest increase. Its proportion of crude oil processing capacity has increased from 15.55% in 2000 to 30.87% in 2008. . The efficiency of the oil refining industry goes from low to high, turning profit into profit In the first half of 2008, factors such as the continued high international oil prices and the inconsistent domestic prices that resulted in huge policy losses caused great impact on China's oil refining industry. Due to the impact of the global financial crisis, the domestic oil demand growth rate slowed down somewhat. However, the Chinese oil refining industry successfully responded to various negative influences, bucked the trend, and went through a wave of low-to-high operating processes, turning losses into profits. At the same time, it achieved a double increase in crude oil processing volume and refined oil production. In 2009, the refining industry turned a profit and achieved profits of about 80 billion yuan, compared with an increase of 170 billion yuan in losses in 2008 and 2007. Accelerate the quality upgrade The production of clean oil products is the focus of China's oil refining industry. Since the beginning of the new century, China's oil product quality upgrade has gone through the path taken by European and American countries for 20-30 years in less than 10 years. Following the implementation of lead-free gasoline in 1997, the nation’s new gasoline and diesel standards were implemented nationwide in 2003, reducing the sulfur content of gasoline from 2,000×10-6 to 800×10-6, and the diesel sulfur content from 5,000× 10-6 dropped to 2,000×10-6. From July 1, 2005, the sulfur content of gasoline in China has further dropped to 500×10-6. In March 2008, Beijing took the lead in implementing a new standard that is equivalent to the Euro IV standard, and the sulfur content of gasoline and diesel for automobiles has been reduced. 50×10-6, reaching ultra-clean fuel levels. In order to welcome the World Expo, Shanghai has made a direct transition from the current state II to Shanghai IV on October 23, 2009. According to the requirements of the country, the domestic vehicle gasoline had reached the national III standard by the end of 2009, and all vehicle diesel oil had reached the national III standard in 2010. Looking into the second decade of the new century, China's oil refining industry is facing both the domestic and international efforts to develop low-carbon economy and the post-financial crisis era, the world economic and political structure, and the petrochemical industrial structure. Needs for economic development and the important task of contributing to the achievement of the 2020 national economic development goals. China's oil refining industry has now entered a new era of historical development. In the future, the development of China's oil refining industry will strive to change the mode of growth, through the adjustment of the structure, eliminate backward production capacity, rational distribution, optimize the allocation of resources and markets, promote scientific and technological innovation, promote the integration of refining and chemical and base construction, and do a good job in project scientific decision-making. With an appropriate investment rhythm and continued increase in scale and strength, it will continue to increase profitability and international competitiveness, maintain stable and rapid development of the industry, and truly realize the transformation from a large oil refining country to a powerful oil refining country. However, we must also clearly see that the Chinese oil refining industry also faces many challenges in its future development. First of all, China’s foreign oil dependence will exceed the 60% and 70% mark in the next 10 years. Due to the heavy crude oil quality in the world, the use of more inferior heavy crude oil to produce clean oil products will be the main task of China's oil refining industry in the future. Secondly, the demand for environmental protection from low-carbon economy will increase, the pressure on refineries to increase energy efficiency and reduce emissions, and produce more clean oil products will increase. The pace of product upgrading will be further accelerated, related inputs will increase, and refineries will deal with high oil price risks. At the same time, other pressures for increased costs will also increase significantly. Finally, due to economic globalization and the deepening and development of China’s opening to the outside world, imports from neighboring countries and regions will increase, and some developed countries and resource countries will continue to increase their oil refining investment in China on an existing basis. The market diversification competition will be further intensified. To meet the needs of different level of clients request, CONNECT created super compact poultry processing system, which involves in birds bleeding, scalding, and defeathering together, less labor needs, the working capacity reach up to 100birds per hour, low investment, it is the best choice for small farmer, and family use butcher. 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China's oil refining industry will truly realize the transformation from a big country to a strong country
Since the reorganization of the domestic oil industry at the turn of the century, China's oil refining industry has been able to overcome various difficulties and rise rapidly under the drive of deepening reforms, opening up, and rapid economic development. In the global financial crisis, it took the lead to get out of the bottom and achieved recovery. At present, China has become the main highlight, hot spot and an important component of the world's oil refining industry. In general, China’s refining industry presents the following five main features: