On May 12, FREP achieved another international accolade in the energy sector. Brian Ablett, ExxonMobil's Director for Asia Pacific and the Middle East, presented FREP with two prestigious awards: the ExxonMobil 2024 "Global Excellence Award — TA Project" and the "Global Excellence Award — Energy Project". Acting President Lin Xu and Vice President Suchart Phowatthanasathian attended the award ceremony.

During the ceremony, Brian Ablett and Lin Xu presented awards to the winning teams and individuals. These honors serve as a full affirmation of the Company's strategic transformation towards "6-year TA cycle" and its achievements in green and low-carbon development.

It is reported that during the record-scale TA/revamp project implemented by the Company in 2024, facing the immense challenges of a 72-day timeline and coordinated operations across 70 units, the Company innovatively adopted a "full-system collaborative operation" model. Over 8,800 maintenance tasks and 123 technical upgrades were organized, ultimately achieving a full-system restart 12 hours ahead of schedule and setting a new industry efficiency record for similar projects.

Notably, the two core award-winning projects both demonstrated significant technological breakthroughs. The Aromatics Low-Temperature Heat Utilization (Phase II) project, through an innovative waste heat recovery system, reduced the energy consumption per unit of PX product to 61.5 kgoe, saving over 90 M RMB in energy costs annually. Simultaneously, the No. 2 APS/VPS Energy-Saving Revamp project replaced traditional steam systems with mechanical vacuum pumping systems, combined with intelligent heat exchange network optimization, bringing the unit's energy consumption close to the theoretical limit and achieving annual cost savings of nearly 20 M RMB.

"The energy efficiency improvements from these two projects are equivalent to reducing carbon emissions by 150 KTA." Technical personnel revealed that through systematic implementation of the EII (Energy Intensity Index) optimization plan, the Company's overall energy efficiency index has significantly decreased, equivalent to installing a "smart energy-saving engine" for the entire plant.

Currently, FREP has incorporated 28 technical standards developed during this TA into the corporate knowledge base. Industry professionals analyzed that these awards highlight the achievements of China's refining and chemical enterprises in transitioning from scale expansion to quality and efficiency. (Xiao Wanyuan)