The Sinopec 2009 chemical economic activity analysis meeting concluded on March 12th uploaded information, including profitability, cost competition, debt repayment, development and other comprehensive capabilities of the company, and Yangzi Petrochemical ranked first in the Chemicals Group of the Group Corporation.
According to Ma Qiulin, general manager of Yangzi Petrochemical, at the beginning of last year, they carefully analyzed the situation at that time and found that with the promotion of a series of policies to promote economic recovery, the chemical market is recovering and the demand for products and profitability have generally risen. Yangzi Petrochemical actively seized this opportunity, resolutely cancelled the original plan for reforming and overhaul of ethylene plants, and optimized the product structure. In view of the fact that the efficiency of ethylene oxide at that time is high and the efficiency of ethylene glycol is relatively low, the output ratio of the two products is optimized and the efforts are made to maximize the production of ethylene oxide. Last year, Yangzi Petrochemical produced 118,000 tons of products with a capacity of 100,000 tons of ethylene oxide, creating a record-high efficiency.
The company actively seized the opportunities brought about by the restructuring of the company and did a good job of optimizing regional resources. In recent years, Yangzi Petrochemical has purchased Qingjiang Petrochemical and Taizhou Petrochemical Co., Ltd., located in the northern part of Jiangsu. In order to improve the quality of cracked materials, Yangzi Petrochemical took the lead in implementing the separation and reformation of isomers of aromatics liquefied gas and successfully connected Qingjiang Petrochemical propane. The pressurized hydrogenation tail oil is topped out of Taizhou Petrochemical Chemical Light Oil as a cracking material. Through the overall optimization, the average yield of ethylene has reached the best level in history, while reducing production costs.
The customer's demand is the greatest opportunity for the company. Since last year, the company organized 15 special technical services and visited more than 50 customers. According to feedback from customers, Yangzi Petrochemical tailored the low melting index S700 and other personalized products. The sales revenue of chemical products increased by 14% over the previous year.
Yangzi Petrochemical strengthened fine management, applied electronic information technology to develop relevant optimization models, and established profit tracking and measurement systems for various products. Last year, more than 500 production plans were optimized and measured. Market analysis of weekly, monthly, and annual sales reports and profitability calculations for products were presented in a timely manner. According to the measurement results, a large number of optimizations were made to the device production, which significantly improved the profitability of the company.
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