(Hong Kong, 23 May 2023) ?China Risun Group Limited (“China Risun”, or
the “Group”, stock code: 1907), a leading global integrated coke, coking
chemicals and refined chemicals producer and supplier and relevant operation
management services provider in China, announced that Tangshan Risun Chemicals
Limited (“Tangshan Risun”), a subsidiary of China Risun, successfully commenced
production at the newly built Phase II crude benzene hydrogenation refinery
plant, which has an annual capacity of 360,000 tonnes, and Phase I crude
benzene hydrogenation refinery plant transformation project with an annual
capacity of 200,000 tonnes. Consequently, Tangshan Risun’s crude benzene
processing capacity will be boosted to 560,000 tonnes per year, making it the
largest crude benzene hydrogenation refinery unit project in China, with obvious
scale advantages and significant comprehensive benefits. Moreover, it will
further consolidate and strengthen China Risun’s industry leadership as the
world's largest coking crude benzene processor, giving it a greater voice and
enhanced competitiveness in the hydrogenated benzene market.
The new hydrogenated benzene plant Phase II construction project and
Phase I transformation project have capitalized on China Risun's strengths in
specialized fields. The projects have adopted patented hydrogenation and low
energy consumption technology, and all of the main equipment and technologies
used have been self-developed and manufactured by top equipment manufacturers
in China. Therefore, both the techniques and equipment are of world-class
level. The projects started construction in July 2022, covering a total area of
290 acres. Construction included a pressure swing adsorption hydrogen
production unit, a crude benzene hydrogenation unit, a distillation unit, an
acid water stripping unit, a VOCs adsorption recovery system, a heat-conducting
oil furnace system, raw material tank area, product tank area, loading and
unloading station, fire-fighting system, ancillary recycling water system,
machine room and power distribution room. The projects rely on Tangshan Risun’s
existing benzene hydrogenation plant and public auxiliary facilities such as
tank areas, air and nitrogen stations, and fire-fighting system, which can
effectively reduce investment costs, improve the utilization rate of the
production base and provide comprehensive support to the projects.
The project was implemented in accordance with China Risun’s benzene
hydrogenation integration plan, thereby strengthening China Risun’s refined
chemical industrial chain and working alongside the downstream styrene and
caprolactam segments to generate synergies between the Group’s businesses. Its
pure benzene is transported to Tangshan Risun’s styrene plant via pipelines and
used as a raw material for production. Surplus pure benzene products are given
priority to be used in the caprolactam plants at Risun’s Cangzhou Production Base and Dongming Production
Base, so as to achieve optimal allocation and meet the Group’s internal demand
for pure benzene. As a result, this can increase the projects’ revenue and risk
resistance, while effectively supporting other related businesses of the Group
to reduce costs and increase revenue.
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