Now the petrochemical integration project base in Daya Bay is the number one project for national construction, especially this project will involve a huge investment of 7 billion US dollars. The country has mobilized countless manpower and material resources. More than a dozen petrochemical projects that were originally planned to resume work this year, as well as refinery fertilizer plants, etc., have all been suspended, and all resources and manpower are concentrated in Daya Bay Petrochemical Base!

The investment in the first phase of Daya Bay project of Dongxing Petrochemical is nearly US$900 million, and the total investment in the third phase exceeds US$2 billion. The total investment of the three major domestic petrochemical bases is as high as US$7 billion!

This investment is also the largest and longest investment project for foreign-invested enterprises in China so far. As the project is launched, domestic and foreign media have focused on China!

What domestic senior management values ​​more is the positive impact this investment can bring internationally, as well as Hong Kong, Macao and Taiwan, and its far-reaching significance and driving effect on foreign investors to domestic development is immeasurable!

Dongxing Group's large-scale foreign exchange investment and China's opening up to it are important areas that concern people's livelihood economy. This broad mind shows the determination and courage of the Chinese government to reform and opening up, and also shows that China's pace of moving to the world is accelerating!

It is so close to Hong Kong that it has attracted widespread attention from Hong Kong and Macao as the project progress and construction progress accelerates, and even reports have been made in the T region.

Wang Yongqing of Formosa Plastics also paid attention to Dongxing Group's petrochemical investment projects. When he was secretly worried about the future of T Petrochemical Industry, he was also surprised that East Asia had such a strong opponent!

During the current period of petrochemical industry in T-region, Wang Yongqing, the head of Formosa Plastics, hopes to enter the US market to make Formosa Plastics truly international. After discovering the news of Dongxing Group's huge investment in the mainland, he immediately found information about this company. As long as large-scale petrochemical investment is persistent, it will be a profitable transaction in the future. There is no need to worry about product sales and turnover, because such a company is a resource-based manufacturer who has the right to speak in the market. Such an opponent is very likely to become a strong competitor of Formosa Plastics in East Asia in the future!

After Wang Yongqing got to know Dongxing Group and Lin Johnson, he suddenly realized that his opponent was not only not simple but also quite strong. Previously, a manager in the United States also reminded him that another Chinese company was involved in the American petrochemical industry. Compared with Formosa Plastic's moderate thinking and steady style, the other one was more like a pure American company. He boldly reorganized and acquired small and medium petrochemical companies with poor management to absorb their technological expansion capabilities. In order to reduce operating costs, he also laid off employees without mercy and simply cut off businesses without market prospects.

In the past, Wang Yongqing didn't care about this company at all, thinking that he was just an ordinary speculator, but now he doesn't think so anymore. Judging from his huge investment in the mainland, he is a very difficult opponent!

Hong Kong media have also carefully reported on the construction of Daya Bay Petrochemical Base. Some commentators analyzed that the production of this factory has an immeasurable economic driving effect on southern China and the entire China. Many economic experts have also predicted that with the successful completion of the Dongxing Petrochemical Base project, the light industry in South China will usher in a very strong development momentum, and Hong Kong's light industry manufacturing capacity will soon be transferred!

The Hong Kong economy fell rapidly under the double blow of the real estate bubble burst in 1982 and 1983 and the Sino-UK negotiations. The decline in the real estate industry even exceeded the rational price and fell to the bottom!

At the end of 1982, Hong Kong property prices fell 60% compared with 1981, and the real estate market collapsed in 1983. It was not until September 1984 that the market recovered again.

In fact, the Hong Kong stock market ushered in a low-price rebound early this year. As Hong Kong's economy improves, many real estate lands that have fallen miserably have also experienced a small wave of ups and floating.

Many Hong Kong business owners have seen that with the deepening of China's reform and opening up, it will inevitably attract a large amount of foreign investment. The land and labor in the mainland are extremely cheap. The monthly wages of Hong Kong workers have exceeded 3,000 yuan, while the monthly wages of mainland workers are less than 100 yuan. After this wave of Hong Kong economic crisis, many business owners began to make other plans and took the opportunity to transfer production bases.

In addition, the Hong Kong and British governments' plan to build a financial-oriented Hong Kong has started, and manufacturing is becoming increasingly difficult to sustain in Hong Kong. The continuous rise in labor costs and rent costs have forced many manufacturing industries in Hong Kong to focus on the close-knit Special Administrative Region. Many Hong Kong people have seen the opening of the Dongxing Petrochemical Industrial Base and the analysis and prediction of the future by economic experts. The light industry, especially the textile and plastics field, have secretly started to take action!

They stopped their factory in Hong Kong and came to the Special Economic Zone, which was still a large wasteland, for on-site inspection. Many people have considered building the factory here, so they are waiting for the Daya Bay Dongxing Petrochemical Factory to move all the equipment to the Special Economic Zone after it is completed and operated.

In China, Dongxing Group's huge foreign exchange investment is also extremely welcome. China's foreign exchange reserves exceeded US$5 billion for the first time last year, but it is still far from actual demand, and there is a foreign exchange deficit of US$10 billion. There is a shortage of domestic foreign exchange, and US$7 billion investment fills China's foreign exchange pockets like a timely rain.

Exxon Petrochemical Company provides a "heart" cracking gas compressor for the 300,000-ton ethylene project. This top high-tech equipment needs to work in extremely harsh environments. The tank body is made of low-temperature and high-pressure resistant materials. China is currently unable to manufacture such equipment, which is difficult in both materials and manufacturing technology. The compressors used foreign products.

Chief Engineer Shen Hong is personally responsible for the production organization of Chinese enterprises and the construction of the entire project. He conducts research and organizes the production of equipment in many petrochemical plants in China. Old-fashioned enterprises such as Daqing Petroleum Plant, Lanzhou Chemical Plant, and Yanshan Petrochemical participated. The companies participating in the manufacturing include Sinopec Corporation and the Ministry of Petroleum and Chemical Corporation, and a total of more than a thousand equipment manufacturing companies involved!

Yang Jun, formerly Yanshan Petrochemical Corporation, is a domestic chemical technology and science and technology management expert. As one of the pioneers of the large petrochemical industry in New China, he was also invited to Dongxing Petrochemical Company as a special consultant. He is Hu Jianren and is also very adaptable to the climatic conditions here in Daya Bay. The old man is about 60 years old and currently serves as deputy director and director of the National Science and Technology Commission.

Previously, Yang Jun and other leaders of the Science and Technology Commission carried out computer application work, which set a precedent for China's application of microcomputers. After several of Lin Johnson-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John-John

But at that time, Lin Qiangsheng didn't know that Mr. Yang was a real chemical expert and a rare domestic production organization manager. He and Chen Hong cooperated with each other, and one on the outside and the other on the inside complemented each other. But after all, Lin Qiangsheng didn't want them to work hard when he was old. So he dispatched many deputy officers to help them do their work.

Yang Jun was once the leader of Yanshan Petrochemical General Plant. From 1971 to 1978, he was responsible for the technical production, introduction and absorption of petrochemical plants. He organized and completed the construction of the butyl rubber battle and the construction of China's first 300,000-ton ethylene project, which brought China's petrochemical technology to a new level.

Yang Jun focused on the construction of an ethylene plant with an annual output of 300,000 tons. He carried out a "tetraene" project (ethylene, butadiene, polypropylene, high-pressure polyethylene) with the introduction of an annual output of 300,000 tons of ethylene plant with an annual output of 300,000 tons. After the joint efforts of more than 30,000 builders, a phase of expansion was completed in just 27 months, becoming a successful example of China's large-scale introduction of ethylene plants, thus making China's petrochemical technology take a powerful step towards the world's advanced level.

In 1977, the second year after Yanhua started production, it achieved a total industrial output value of more than 2 billion yuan and achieved a profit and tax breakthrough of 1 billion yuan!

Regarding the planning issues of Dongxing Petrochemical Company, Yang Jun proposed in the design draft that the refining capacity will be increased from 6 million tons to 8.5 million tons. The project expansion capacity must be increased to 12 million tons!

The output of gasoline, coal and diesel has increased to 6 million tons of crude oil, and the output of lubricating oil has doubled compared with the original design. Chemical products have expanded from an annual output of 500,000 tons to 2 million tons, among which the three major synthetic materials, plastics, synthetic rubber and synthetic fiber have expanded from 300,000 tons to 1.5 million tons.

To this end, the normal decompression distillation, lubricating oil, and various chemical equipment must be redesigned. The original 500,000 tons of light oil cracking and separation device is designed to 900,000 tons, and a set of 900,000 tons of light oil cracking and separation device is introduced to manufacture ethylene. The petroleum hydrocarbon cracking device mainly produces ethylene, and at the same time, it produces four fractions of propylene and carbon, cracking by-products of cracking gasoline, fertilizer raw materials and oil for various additives and industrial equipment, etc.

In short, there are many types of products in petrochemical companies. After the completion of the large ethylene, you will not have to worry about not making money. This is a super cash cow. The more popular saying is that the ethylene produced by the ethylene factory is not sold to the public because the production capacity is digested by the high-value-added products they make!

Yang Jun also proposed another plan to Lin Johnson based on the actual situation in China, which is also a relatively experienced domestic situation. The 800,000-ton light diesel cracking and separation device was built in China instead of the 900,000-ton naphtha cracking and separation device introduced. Yanshan Petrochemical adopted this approach because China is now seriously short of naphtha raw materials that can be processed.

To build a large ethylene plant, we must first solve the problem of raw material route. Foreign crude oil has high light components, and naphtha is mostly used as raw material. my country has high heavy components of crude oil, and the naphtha yield is only 6%-8%. According to the 2.5 million tons of crude oil processing volume in the 1970s. According to the production of 1 ton of ethylene by 3 tons of naphtha, the raw materials will definitely not meet the needs of the production of 300,000 tons of ethylene. Therefore, Yang Jun advocated that light diesel as raw material should be cracked to prepare ethylene based on China's national conditions.

Yang Jun also made this suggestion to Lin Johnson. The quality of domestic naphtha is not good. In the short term, the supply is insufficient. Relying on domestic naphtha production, it is probably not able to support Dongxing's Petrochemical Project!

However, when this opinion was raised, Lin Johnson quickly rejected Yang Jun's kindness after just a moment of thinking. He knew that in the future, domestic ethylene preparation will mainly rely on naphtha raw materials route, which proves that the supply relationship between domestic technology or purchasing foreign raw materials has been balanced, and Chinese ethylene manufacturers are no longer worried about raw material supply issues.

With the growth of the national economy and the deepening of China's rural reforms, modernization will inevitably be promoted in the future. The large-scale use of rural tractors will also increase diesel consumption. China is a country lacking diesel. If the diesel cracking route is adopted, it will inevitably compete with agriculture for diesel in the future. It will not be worth the impact on national food security or politics, and it will do more harm than good. Lin Johnson will not agree to such hatred, even if the petrochemical base is built and he will do it.

Moreover, the relatively mature ethylene production technology in foreign countries also uses naphtha as raw material, and light diesel as cracking raw material ethylene production equipment will definitely be eliminated.

Another thing is that naphtha is also used in many ways. In terms of petroleum refining, it is the main raw material for manufacturing clean gasoline. In terms of petrochemical industry, it is the raw material for the production of ethylene, aromatic hydrocarbons/polyesters, synthetic ammonia/fertilizers and hydrogen production. In terms of quantity relationship, naphtha is the largest in oil products, followed by ethylene materials, and aromatic hydrocarbons are smaller. In this way, for the refining and petrochemical industries, there is a lot of competition in the distribution of naphtha raw materials!

Whether considering the future or now, Dongxing Petrochemical should enter the field of naphtha production and manufacturing as soon as possible, and at the same time make a large amount of strategic reserves to gain a certain voice in naphtha resources!

Afterwards, Lin Johnson and Yang Jun discussed the issue of agricultural oil use. Yang Laoyi also expressed his understanding when he heard that it was impossible to use light diesel cracking devices in agricultural modernization.

In this way, the Dongxing Petrochemical Base in Daya Bay was planned, including 21 projects such as ethylene propylene rubber, isoprene rubber, formaldehyde, polyester polyester, nylon polyester, acrylic polyester, ethylene glycol, light oil cracking, plexiglass, methyl acrylate and ammonium sulfide. The total cost of introducing new international environmental protection equipment was US$680 million. Dongxing Petrochemical successfully signed a final contract with Exxon Petrochemical Company.

Domestic companies have also obtained purchase contracts of nearly 200 million US dollars, and the competent authorities and many petrochemical companies were also very happy. The country has assigned them the task to cut out foreign exchange from the 7 billion US dollars of foreign investors, all depends on their ability. The senior management is watching from the back. More than 200 million US dollars is a top-notch start! (To be continued.)
Chapter completed!