Lubricating oil production base in East China “strengthâ€
China Petroleum East China Lubricating Oil Company, Meifu (Taicang) Petroleum Co., Ltd., and China National Offshore Oil Industry Co., Ltd., which are located in the petrochemical base of the Taicang Port Economic and Technological Development Zone, formed the largest lubricant production giant and formed the largest premium in East China. Lubricant production base. Through increasing R&D and technical reform efforts, we have vigorously explored the market and made large-scale total production. The effect of base concentration has become increasingly prominent. Last year, the output of the three major lubricants plants exceeded 800,000 tons. From January to May of this year, the output was nearly 400,000 tons, and it is expected to exceed 1 million tons in the whole year. “From January to March this year, the company’s finished product packaging oil production rose month by month, and the equipment is still unable to meet customer demand at full capacity. However, since April, due to the impact of the macroeconomic situation, production has declined. From January to May of this year The output is about 100,000 tons, and the sales revenue is about 1.8 billion yuan.†Wang Zhongming, deputy director of China National Petroleum Corporation East China Lubricant Company, told reporters: “Recently, we have adopted a series of measures such as strengthening internal management and improving product quality and other growth. Measures currently maintain more than 20 high-quality customer groups such as SAIC-GM, XCMG, SAIC-VW, and COSCO Group."
Wang Zhongming said that as of the end of last year, East China Lubricant Factory had already completed a total of 290 million yuan in technical reforms. The fourth phase of this year's expansion project has invested 160 million yuan. By the end of the year, it is expected to increase production capacity by 100,000 tons. In addition, CNPC will also add two additional lubricant additives and East China Logistics Center to Taicang Port. A total of 200 million yuan will be invested in the additive project, which will start in the second half of this year and is expected to be put into operation in the next year. The logistics center project will plan to build a 100,000-square-meter bonded storage warehouse, undertake overseas oil processing and export projects, and expand the international market. Currently, it is actively bidding for bonded processing projects. After the completion of these two projects, together with the existing capacity of East China Lubricating Oil Company, the receiving capacity of base oil and refined oil in East China Logistics Center will reach 600,000 tons per year, with a mixing capacity of 364,000 tons and a total filling capacity of 349,500 tons. The annual output value will sprint to 10 billion yuan.
According to the Taicang Port Economic and Technological Development Zone Enterprise Management Bureau, ExxonMobil (Taicang) Petroleum Co., Ltd. produces daily-use vehicle lubricants that can help more than 200,000 vehicles to travel safely for 5,000 kilometers.
From January to April this year, the accumulated output value was 1.04 billion yuan, a year-on-year increase of 17.62%. The company will implement the upgrade and expansion project in the next step and has now completed the approval of the capital increase application. As a Taicang headquarters economic enterprise, Bibt (China) Industrial Oil Products Co., Ltd. mainly produces industrial lubricants and processing fluids. In the first quarter, the output value of oil products increased by 31%. Due to promising development prospects of domestic vehicle oil, vehicle oil expansion has been started. project.
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