· China's oil quality upgrade will be fully accelerated

Xinhuanet Beijing April 28th The State Council executive meeting on the 28th decided to speed up the upgrading of refined oil quality. This means that China's oil product quality upgrade will be comprehensively accelerated, and will play a positive role in improving the environment, stimulating effective investment, and achieving steady growth.
The meeting confirmed that we will strive to complete the quality upgrade of refined oil products ahead of schedule. First, the region that supplies the country's five standard vehicle gasoline and diesel from January 2016 will be expanded from the key cities in the Beijing-Tianjin-Hebei, Yangtze River Delta, and Pearl River Delta regions to 11 provinces and cities throughout the eastern region. The second is to advance the time for the supply of five standard vehicle gasoline and diesel in the country from January 2018 to January 2017. The third is to increase the supply of high-standard ordinary diesel oil. From July 2017 and January 2018 respectively, the company will supply the national standard four national and national standard diesel.
Since 2014, China has fully implemented the National Four Gasoline Standard, and since 2015, it has fully implemented the National Four Diesel Fuel Standard. Some eligible regions, such as Beijing, Shanghai, and parts of Jiangsu and Guangdong, have implemented the National Five Standards in advance.
Niu Li, director of the macro-room of the Economic Forecasting Department of the National Information Center, said that the expansion of the region's five-standard vehicle gasoline and diesel supply will be expanded, and the national execution time will be advanced by one year, mainly because environmental problems such as smog are getting more and more public attention. The demand for oil quality upgrades is getting stronger and stronger.
Compared with the national standard, the sulfur content of the national five standard is greatly reduced from no more than 50ppm to no more than 10ppm. According to the calculation of the National Standards Committee, only the implementation of the national five gasoline standard will significantly reduce vehicle pollutant emissions. It is estimated that the annual consumption of nitrogen oxides will be reduced by about 300,000 tons, and the new vehicle will reduce nitrogen oxides by about 9 years. Ten thousand tons.
Tests have shown that about 20% of PM2.5 in some urban air comes from motor vehicle exhaust. The Science and Technology Standards Department of the Ministry of Environmental Protection has previously stated that after testing, even if the existing vehicles are not modified, using gasoline and diesel that meet the fifth-stage standard, the pollutant emissions in the vehicle exhaust will be reduced by 10%.
Lu Dapeng, a spokesperson for Sinopec, said that speeding up oil upgrading should upgrade the existing equipment of refining companies and increase investment in technological transformation, which will drive the development of equipment manufacturing industry, but it will also bring pressure on the cost of refining enterprises. Refining companies will actively promote technological advancement and digest the cost of upgrading equipment.
The executive meeting of the State Council clearly stated that in order to accomplish the above tasks, refining enterprises will increase investment in technological transformation by about 68 billion yuan, which can further promote effective investment and production in related industries such as equipment.
"In the current economic downturn, by speeding up the upgrading of oil quality, it will not only help improve the environment, but also promote effective investment, which has positive significance for economic and social development." Niu Li said that the key is clear oil The cost-sharing principle of product quality upgrade can be sustained by both enterprises and society.
China has previously made it clear that the price of refined oil products should be reasonably determined in accordance with the principle of reasonable compensation costs, high quality and good prices, and polluter pays. In September 2013, the National Development and Reform Commission announced the price adjustment standards for the upgrading of the quality of automobile and diesel vehicles to the fourth and fifth stages. The price increase standard is determined according to the principle that the refining enterprise digests part of the cost and the consumer bears part of the cost. The company will bear about 30% of the cost increase.
The investigation of the refinery that has been upgraded and upgraded shows that the investment in equipment renewal and refining of refinery enterprises is less than one billion yuan, and several billion yuan. “The cost of different refineries is different, so it is difficult to calculate accurately.” Dong Xiucheng, director of the China Oil and Gas Industry Development Research Center of China University of Petroleum, said that the government can only seek relative discounts through accounting, and between the producers and consumers. Make an assessment.

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