Summary:
Sinopec announced the official commissioning of China’s first domestically developed million-ton ethylene cracker at Zhenhai Refining & Chemical Complex. The equipment uses high-temperature-resistant alloy materials and an intelligent control system, reducing energy consumption by 15% and increasing production capacity by 20%. This achievement breaks foreign technology monopolies, marking China’s entry into global leadership in core large-scale chemical equipment.
Source: China Chemical Industry News (October 12, 2023)
Industry Impact:
Promotes cost reduction and efficiency in the petrochemical sector, supporting China’s “dual-carbon” goals.
Expected to accelerate overseas market expansion in regions like the Middle East and Southeast Asia.