China National Offshore Oil Corporation invested 10.2 billion yuan. The China-ocean oil and gas integration project built in Taizhou City, Jiangsu Province, has recently entered a full implementation phase and is expected to be completed in 2014. After the project is completed, it will produce 430,000 tons of lubricants, 700,000 tons of aromatic hydrocarbons, 250,000 tons of solvent oil, 1.2 million tons of high-quality cracking materials, 100,000 tons of aviation kerosene, etc., and will establish high-end lubricant products and cleanliness in Taizhou. Fuel products and basic chemical raw materials production base. The project will build 10 new installations to further extend CNOOC's industrial chain in Taizhou: High-pressure hydrogenation technology will be used to fully utilize the naphthenic base oil of 300,000 tons per year of Zhonghai's asphalt, producing gear lubricants and high added value. The special lubricants adopt the coking-hydrogenation upgrading technology route to increase the deep processing capability of residual oil and produce highly efficient and clean fuel oil products.
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