Sinopec is China's largest petroleum refiner and oil products producer, with its refining capacity ranking the 2nd in the world. Our refineries are mainly located in China's southeast coastal area, middle and lower reaches of the Yangtze River and North China, China’s most economically dynamic areas. These refineries are blessed by superior location, convenient transportation, and robust market demand. The company's major oil products include gasoline, kerosene, diesel, lube oil, etc.
The Company owns a wide spectrum of processing facilities including atmospheric/vacuum distillation, FCC, hydrocracking, delayed coking, catalytic reforming, aromatic separation, hydrofining, alkylation, gas fractionation, asphalt, hydrogen production, desulfurization and sulfur recovery, etc. Some refineries also have solvent deasphalting, solvent dewaxing, wax molding, solvent refining, clay refining and lube oil hydrofining, etc.
As of end 2011, the company’s total processing capacity had reached 249 million tonnes. Major production units, including FCC, delayed coking units, catalytic reforming units, hydrocracking units, hydrofining units for gasoline, kerosene and diesel, etc., gained capacity as compared to 2010. The company has pumped more technical support to enhance comprehensive refining capacity and inferior crude processing capacity. In 2011, a number of revamping projects were successively put into operation, including Beihai 5 million tonnes refinery relocation, Changling 8 million tonnes product upgrading, Zhenhai 23 million tonnes supporting project, Gaoqiao 12.5 million tonnes lubricant, which increased the company’s capacity and refining-chemical integration. The RDS in Changling, FCC and coker revamping in Beihai, Guangzhou and other enterprises effectively improved the Company’s challenging crude processing capability. The newly-built CCR in Jingmen, Gaoqiao and Beihai improved the Company’s products slate and lowered the cost of hydrogenation. We implemented GB III diesel upgrading by adding diesel hydrogenation units in Beihai, Cangzhou, Shijiazhuang, Jinan, Jiujiang, and Zhenhai and made sulphur units operational in Luoyang, Zhenhai, Jingmen, Beihai and other enterprises, providing cleaner products. Currently, 11 refineries under Sinopec are of over 10 million tpa scale each. They include.
Sinopec Zhenhai Refining & Chemical Co., Ltd. (ZRCC), 23 million tpa (ethylene capacity of 1 million tpa), of which 15 million tpa for high sulfur crude processing and 4 million tpa for high acid crude processing. ZRCC has a 250,000 dwt terminal. It is one of Sinopec's major integrated high sulfur and high acid crude refineries and petrochemical complex;
Sinopec Maoming Company, 13.5 million tpa (ethylene capacity of 1 million tpa), of which 9 million tpa for high sulfur crude and 2 million tpa for high acid crude, with a dedicated single-point mooring system (SPM) for crude vessels up to 250,000 dwt. It is not only a major refinery to process high sulfur and high acid crude, but also an integrated refinery producing and supplying fuels, chemical feedstock and lubricants;
Sinopec Jinling Company, 13.5 million tpa , of which 8 million tpa for high sulfur crude and 2 million tpa for high acid crude. It is one of the key refineries for high sulfur and high acid crude processing; Sinopec Guangzhou Company, 13.2 million tpa (ethylene capacity of 21 kta), of which 8 million tpa for high sulfur crude and 2 million tpa for high acid crude. It is located in the center of the Pearl River Delta and enjoys convenient transportation. It is also one of the important refineries for high sulfur and high acid crude processing ;
Sinopec Tianjin Company, 12.5 million tpa (ethylene capacity of 1.2 million tpa), is located in Tianjin Binhai New Area. Crude processed in Tianjin is 100% imported. It is an important integrated refinery processing high sulfur crude with downstream chemical production.
Sinopec Shanghai Gaoqiao Company, 12.5million tpa, of which 6 million tpa for imported high sulfur crude. After revamping in 2010 for lube oil production, the shortage of lube oil feedstock as a result of high sulfur crude processing has been addressed. It is a fuel-lubricant-chemical feedstock refinery that produces lube oil and petroleum wax;
Sinopec Fujian Refining and Petrochemical Company (FREP), 12 million tpa (ethylene capacity of 800 kta), of which 8 million tpa for imported high sulfur crude. FREP is a large petrochemical JV among Sinopec, Fujian Provincial Government, ExxonMobil and Saudi Aramco;
Sinopec Shanghai Petrochemical Co., Ltd. (SPC), 11.5 million tpa(ethylene capacity of 910 kta), of which 8 million tpa for imported high sulfur crude. It owns its independent transportation infrastructure of ocean shipping, river wharfs, roads and railways and is one of the important integrated refining and chemical subsidiaries;
Sinopec Beijing Yanshan Company, 11 million tpa(ethylene capacity of 710 kta), is a refinery producing fuels, lube oil and chemical feedstock;
Sinopec Qilu Company, adjacent to Shengli Oilfield and Qingdao Sea Port, 10.5 million tpa (ethylene capacity of 800 kta), of which 4.5 million tpa for imported high sulfur crude and 6 million tpa for Shengli high sour and sulfur crude. It is one of the important refineries for high sulfur and high acid crude processing;
Sinopec Qingdao Refining Corp., Ltd., 10 million tpa, all of which for imported high sulfur crude. It is the first ten-million-tonne single-train refining project approved by the Chinese government. It plays a significant role in optimizing refining layout, enhancing competitiveness of the refining business, and safeguarding market supply;
Owing to years of self-development on technologies, the company boasts a strong and experienced team in refining, R&D, engineering and construction. We have a series of major refining technologies such as RFCC, catalytic reforming, high-pressure hydrocracking, medium-pressure hydrocracking, hydrofining, residue hydro and lube oil hydrotreating and reforming technologies, as well as relevant catalyst development and commercialization capabilities. The company takes a leading position in China in terms of refining technologies. Some of its technologies are up to international advanced.
We put product quality first and all our ex-work refined products were 100% on-spec in 2011, passed spot checks held by technology supervision departments of the State, local governments and our internal checks.
roduction & Operation
We continued to reinforce management as well as scientific and technological advance, and main refinery technical and economic indicators were further improved. In 2011, light yield was 0.29 percentage point higher year-on-year, refining yield was 0.26 percentage point higher. Refining energy-consumption was decreased by 1.07 kg of oil/tonne. Processing loss was decreased by 0.05 percentage point and crude oil storage and transportation loss was decreased by 0.02 percentage point.
Summary of Operations of the Refining Segment:
|2011年||2010年||2009年||Change from 2010 to 2011 (%)|
|Crude oil throughput (million tonnes)||217.37||211.13||186.58||3.0|
|Gasoline, diesel and kerosene production (million tonnes)||128.00||124.38||113.69||2.9|
|including: Gasoline (million tonnes)||37.10||35.87||34.43||3.4|
|Diesel (million tonnes)||77.17||76.09||68.86||1.4|
|Kerosene (million tonnes)||13.73||12.42||10.39||10.5|
|Light chemical feedstock (million tonnes)||37.38||35.00||26.87||6.8|
|Light products yield (%)||76.08||75.79||75.54||0.29 percentage point|
|Refinery yield (%)||95.09||94.83||94.53||0.26 percentage point|
In 2011, the operating loss of the segment totaled RMB 35.8 billion, as compared to the operating profit of the segment of RMB15.9 billion in 2010.
Refined Products Sales
Geographical coverage: Sinopec’s major refined products sales market covers all provinces, autonomous regions and municipalities directly under the central government except Taiwan province.
Sinopec Refined Products Marketing Network
The network Mainly Comprises 3 Parts: First, Sinopec subsidiaries——Sinopec Refined Products Sales Company and its 4 major branch companies in main market areas. They have the responsibility to balance distribution, coordinate transportation and supply refined products to sub-branch sales companies and designated customers. Second, the provincial level marketing subsidiaries across the country（including the Hong Kong subsidiary）and their affiliated local branches. Third, Joint ventures Sinopec established with other distributors nationwide and its franchised sales network.
Sinopec marketing subsidiaries owns sound oil storage and transportation facilities. The company’s whole sales distribution centers are linked by pipelines, railways and rivers with some special rail transportation routes, crude jetties, barges as well as railway tanks.
The total number of service stations under the Sinopec brand is 30,121, including 15 franchised service stations.
Sinopec’s refined products (gasoline, diesel, kerosene and jet fuel) sales business is mainly comprised of four parts: first, supply to households through a retail network including service stations, oil stores and distribution place in rural areas and on the water. This is the major part for the company’s refined products sales; second, direct delivery to end-users rather service stations; third, direct sales to key large-scale clients; fourth, distribution through wholesale centers (oil depots).
The total domestic sales volume of oil products increased to 151 million tonnes in 2011, up by 7.6% from 2010.
Summary of Operations in the Marketing and Distribution Segment
|2011年||2010年||2009年||Change from 2010 to 2011 (%)|
|Total sales volume of oil products (million tonnes)||162.32||149.23||130.32||8.8|
|Total domestic sales volume of oil products (million tonnes)||151.16||140.49||124.02||7.6|
|Annual average throughput per station (tonne/station)||3,330||2,960||2,715||12.5|
|Dec. 31, 2011||Dec. 31, 2010||Dec. 31, 2010||Change from the end of the previous year to the end of the reporting period (%)|
|Total number of service stations under the Sinopec brand||30,121||30,116||29,698||0.02|
|Number of company-operated service stations||30,106||29,601||29,055||1.7|
|Number of franchised service stations||15||515||643||(97.1)|
In 2011, the operating profit of this segment was RMB 44.7 billion, representing an increase of 45.3% over 2010.
Sinopec is the largest petroleum products producer and supplier in China. Our major products include gasoline, kerosene, diesel, lubricant, chemical light feedstock, fuel oil, solvent oil, petroleum wax, asphalt, petroleum coke, sulfur, LPG, propylene, polypropylene and benzene. The categories and usages of major products are as follows:
Gasoline labeled 90#, 93#, 97#, and 98#, and the quality can meet GBⅢ, GBⅣ and EuroV emission standard.
Diesel varies in such grades as No.5, No.0, No.-10, No.-20 and No.-35, and the quality can meet the GBⅡ, GBⅢ, GBⅣ and the EuroV emission standard. Diesel products are used in many areas such as urban diesel automobiles, agricultural automobiles, railway transportation, waterway transportation, fishing, electric power, agricultural machinery, etc.
Jet fuel oil complies with the national criterion. While meeting the domestic demand, jet fuel oil is also exported to Hong Kong and other regions. Six subsidiaries of Sinopec, namely Sinopec Zhenhai Refining & Chemical Co., Ltd., Sinopec Maoming Company, Sinopec Guangzhou Company, Sinopec Gaoqiao Company, Sinopec Shanghai Petrochemical Co., Ltd, Sinopec Hainan Petrochemical Co., Ltd., and Sinopec Qingdao Refining Corp., all qualified in the annual quality guarantee inspection held by the Hong Kong International Airport.
Lubricants(grease), categorized by application, include automotive lube oil, industrial lube oil, synthetic lubricant grease and metal working fluids (MWF), are widely applied to aviation, spaceflight, nuclear industry, electronics, military weapons, shipping, automobile, mechanical processing, metallurgical, refining, chemical, and instrumentation areas, etc. The company's synthetic lubricant grease takes a leading position in the world. The specialty grease products have been successfully applied to China's Shenzhou-series spaceships and contributed to the successful launch of Shenzhou V, Shenzhou VI and Shenzhou VII manned-spaceships. The product was recognized by China Aerospace Science and Technology Corporation as the reliable product with stable performance. As the dedicated lube oil for China's Antarctic research vessel Snow Dragon, Sinopec Great Wall lube oil contributed to the success of China's Antarctic scientific research. The company's various engine oil, hydraulic oil and gear oil were granted certificates from many international companies and rating institutions. Sinopec Great Wall lube oil was also the dedicated lube oil for Beijing 2008 Olympic Games. We also established cooperative relationship with many domestic automobile and motorcycle manufacturers, who use Sinopec Great Wall lube oil as ex-factory oil or service oil.
Asphalt products include heavy-traffic road asphalt (Class A and Class B, as newly regulated by the Ministry of Communications), modified asphalt, road petroleum asphalt, emulsion asphalt, asphalt used as a protecting coating for piping, asphalt for electric wire, water-proof asphalt, rubber asphalt, asphalt for painting, and insulated asphalt. The past few years witnessed a significant growth of the output of the company's heavy-traffic road asphalt and modified asphalt which have been widely applied to motorways, urban public roads, airport runways, racing tracks and bridge pavements. After it was successfully applied to the racetrack in Shanghai International Circuit in 2004, Sinopec Donghai modified asphalt was chosen for the road pavement of Donghai Bridge, Shanghai Hongqiao Airport, Beijing Capital Airport Motorway, Yangtze River Tunnel-Bridge and other national key road construction projects. Meanwhile, with the Ministry of Railway, the company developed emulsion asphalt specialized in railway ballastless track, which has been applied in test section of Wuhan-Guangzhou high-speed railway, Shijiazhuang-Taiyuan railway, Harbin-Dalian railway, Shanghai-Nanjing railway, etc