Affected by such factors as the sharp rise in crude oil prices, the efficiency of the petrochemical industry in Liaoning Province fell sharply in the first quarter. In the face of severe business conditions, Liaoning petrochemical companies have taken measures to shake off the predicament.
Statistics show that in the first quarter, Dalian West Pacific Petrochemical Corporation processed 2.11 million tons of crude oil, an increase of 810 thousand tons year-on-year, and a loss of 180 million yuan. Shenyang Chemical Industry Group Co., Ltd. production and sales of acrylate, paste resin, and propylene oxide increased by 24.6%, 10.3%, and 5% year-on-year; industrial output value reached 3.1 billion yuan, a year-on-year decrease of 14%; profits and taxes reached 110 million yuan, a year-on-year decrease of 20% . PetroChina Dalian Petrochemical Company's production and sales of various types of products reached 109.5%, an increase of 2% year-on-year; however, the book loss was 2.038 billion yuan, which was a year-on-year loss of 1.434 billion yuan.
The production capacity of petrochemical plants in the North Huajin Chemical Industry Group Company was high, and the profits of the enterprises were 276 million yuan, a year-on-year decrease of 150 million yuan, a decrease of 35.67%. Jinzhou Petrochemical Company processed 1.635 million tons of crude oil and realized a book profit of -280 million yuan. Fushun Petrochemical Company processed a total of 1.655 million tons of crude oil and realized a profit of RMB 1.132 billion.
In order to get rid of the predicament, companies have taken various measures. Shenhua Group suspended the purchase of high-priced imported crude oil, accelerated the improvement of the downstream product structure with an annual output of 500,000 tons of CPP, and expanded the production capacity of PVC paste resin's superior products. Fushun Petrochemical took advantage of integration to ensure that the project of 10 million tons of oil refining and one million tons of ethylene will be put into production on schedule. Dalian Petrochemical Company strives to increase the production of high-efficiency products such as Shanghai IV and Guangdong IV gasoline and diesel. The North Huajin Chemical Group optimizes the production of fertilizers, asphalt, and other devices to improve its ability to create profitable products.
In response to the difficulties encountered by enterprises, the Liaoning Provincial Government requires that governments at all levels must care for and support petrochemical enterprises, seriously solve various practical problems encountered by enterprises, actively help enterprises overcome difficulties, and promote better and faster development of the petrochemical industry.
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