On September 18, 2025, Shandong Dongming Petrochemical’s 15 million tpy integrated refining project entered the peak equipment installation phase, targeting mechanical completion by the end of 2026. With a total investment of 73.8 billion yuan, the project consolidates capacity from several local refineries and builds 36 process units, raising the chemical product ratio from 45% to over 60%, focusing on high-end polyolefins, polyester materials, and specialty oils. Meanwhile, Shandong Refining & Energy, led by Dongming, increased its registered capital to 3 billion yuan to strengthen financing. Upon completion, it will play a demonstration role in private integrated refining, supporting Shandong’s “reduce oil, increase chemicals” strategy and upgrading the regional petrochemical structure. (Source: ASIACHEM, Shandong Local Refining Industry Association Bulletin)
