Crude Processing Volume Hits Record High! Daqing Petrochemical Achieves Over 110 Million Yuan in Additional Gains for Q1

Deep News
Apr 12

This year, PetroChina Daqing Petrochemical has focused on high-quality development objectives and closely aligned with its annual production and operational tasks. Through multi-chain collaborative efforts, the company achieved cumulative additional gains exceeding 110 million yuan in the first quarter. Its crude oil processing volume reached a record high, with output of 11 major products increasing year-on-year. Three material consumption and four energy consumption indicators reached historically optimal levels, laying a solid foundation for accomplishing the full year's targets.

Optimizing production operations is central to enhancing efficiency. Adhering to the principle of "stabilizing oil processing and optimizing operations," Daqing Petrochemical strengthened whole-process coordination and dynamic scheduling to ensure the safe, stable, long-term, full-capacity, and optimal operation of its facilities. In terms of resource conversion, the company redirected the straight-run distillate from one atmospheric and vacuum distillation unit to the hydrotreating unit for the first time, resulting in a year-on-year increase of 64,000 tons of diesel production in the first quarter. Through precise adjustment of unit parameters, paraffin wax production in March exceeded the plan by 494 tons. By scientifically adjusting the furnace types of the ethylene cracking units, the balance of chemical material input and output was ensured. Concurrently, the company advanced the production of high-end products in line with market demand, completing the mass production of nearly 500 tons of new cross-linked polyethylene resin products in March, and successfully launching and delivering two new types of B-grade chlorinated polyethylene products.

While operational staff conducted inspections in the plant areas, Daqing Petrochemical rigorously advanced quality and efficiency improvements, effectively managing the "addition and subtraction" of value across all segments. Through dynamic resource allocation, the load on the carbon dioxide dry gas recovery unit was increased, contributing over 19 million yuan in additional gains in the first quarter alone. Adhering to a "calculate before acting" approach, the company adjusted the load of relevant units, reduced the production of low-efficiency products, and directed raw materials towards higher-value processes. Furthermore, by deeply exploring energy-saving potential and intensifying company-wide cost control, the company saved a cumulative 2,200 tons of standard coal and 25,000 cubic meters of water in the first quarter, further strengthening its cost competitiveness.

Enhanced system management has solidified the foundation for development. Daqing Petrochemical revised its 2026 KPI assessment system, establishing 169 major and 846 minor assessment indicators to stimulate internal motivation. To address the issue of high unit consumption, specialized task forces were formed to tackle challenges, leading to an annual saving of nearly a thousand tons of isopentane. The thermal power department finely tuned boiler operation modes, switching from a "4+2" to a "3+2" operation eight days ahead of schedule and ceasing the use of heating steam in heat exchange stations ten days early. The number of steam tracing lines taken out of service increased by 1,476 compared to the same period last year, further optimizing energy consumption indicators.

Currently, the company's superior product rate for polybutadiene rubber remains leading within the domestic industry. With its robust product quality, the company has solidified its market advantage, making a strong start to the new journey of the "16th Five-Year Plan" period.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10