MOSCOW (MRC) -- Sinopec Maoming Co. has selected Honeywell to rejuvenate and improve the operational performance of aging petrochemical plants in China’s Guangdong Province, reported GV.
Honeywell said its Profit Suite R400 process optimization software will be deployed at two of Maoming’s ethylene crackers, "helping to improve plant performance by increasing energy efficiency, improving flexibility of its operations, and maximizing the plants’ yield of high-value products."
The two plants have been operating for more than 50 years and currently produce 1-million t/y of petrochemicals, Honeywell noted.
Maoming Co. Deputy Chief Engineer He Lijian added: "We want to establish this project as a benchmark for other similar facilities within the Sinopec Group. Using this Honeywell solution, Maoming Co. is expecting an increase in production that would improve our profitability by more than USD 6-million per year."
As MRC wrote previously, this summer, Sinopec officially commenced operations at its new lubricant facility in Singapore. The lubricant plant, with an initial production capacity of 100,000 tpy, is the company's first direct overseas investment.
Sinopec Maoming Petrochemical Company (Maoming Company) - a subsidiary of Sinopec- is located in Maoming, Guangdong and was founded in May 1955. The company now has a crude oil processing capacity of 13.5 million t/a and an ethylene production capacity of 1 million t/a. Maoming Company has turned out to be a large-scale integrated refining and chemical enterprise with refining as the leading business and petrochemical sector as the mainstay.
China Petroleum & Chemical Corporation, or Sinopec Limited is a Chinese oil and gas company based in Beijing, China. It is listed in Hong Kong and also trades in Shanghai and New York . Sinopec is the worlds fifth biggest company by revenue.
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