Hey, amigos! Ready for a mega milestone in Asia’s energy scene? China National Offshore Oil Corporation (CNOOC) just hit a home run by completing a brand-new integrated refining and petrochemical complex on Daxie Island, Ningbo, in east China's Zhejiang Province. 🚀
Here’s the scoop:
- 💰 Price Tag: 21 billion yuan (around $2.93B) – yeah, that's serious investment.
- 📈 Capacity: Over 10 million tonnes of olefins per year, powering next-gen materials R&D.
- 🏭 Units: 18 massive refining and petrochemical units, cranking out high-end products like polypropylene (hello, new energy vehicles and electronics!).
- ⏱️ Fastest Build: Started in July 2022 and wrapped up ahead of schedule – trimmed 90 days off the plan and set the record for the shortest reactor and regenerator installation period in the Chinese mainland! 🎉
Why it matters: This complex isn’t just a big factory – it’s a boost for high-end chemical materials, fueling green tech and gadgets we love. Plus, knocking down construction time shows how tech and teamwork can turn massive projects into speed wins. 💪
Stay tuned for more updates on how Asia’s oil and gas giants are shaking up the global energy game. Until next time, keep learning and exploring! 🌍✨
Reference(s):
CNOOC completes major refining, petrochemical complex in east China
cgtn.com
