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Update CNOOC already Expanding Huizhou coking refinery

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This topic contains 1 reply, has 1 voice, and was last updated by  Charles Randall 13 years, 10 months ago.

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  • #3454

    Charles Randall
    Participant

    CNOOC to expand Huizhou refinery
    August 27, 2008 China Daily News
    China National Offshore Oil Corp, the parent of CNOOC Ltd, already plans to invest 45 billion yuan ($6.59 billion) to expand its new Huizhou refinery, which is expected to come on stream next month, the China News Service reported.

    The expansion will boost the capacity of the refinery to 22 million tons per year from 12 million, the report said. Construction will begin next year and the new facilities are expected to become operational in 2011. Located in southern China’s Guangdong province, the refinery is a joint venture with Royal Dutch Shell.

    The report said CNOOC Refining will also build a one million ton per year ethylene facility in Huizhou.

  • #6628

    Charles Randall
    Participant

    The new $43 B & 12 million mtpy CNOOC-Shell Huizhou Petrochemical & refinery (and new coker) are barley past the start-up runs (Oct-Dec 2007 – see coking.com Jan25 coker news post) and paint is still drying….but already they have announced  $7Billion, 22 million mtpy expansion to the plant!
     
    Not mentioned per usual – but this large increase in capacity would also require an expansion on the new 4 drum coking unit (FW Coker Technology licensor- 2005 coking unit & 2006 coker heaters) as well since it will continue be processing additional heavy import crudes (CNOOC fields Bohai Bay – some operated by COP).
     
    It did however mention an additional 1 Million mtpy expansion to its ethylene facility with petrochemical partner Shell (50% JV). CNOOC has become very aggressive on expansion and has previoulsy announced it is looking to purchase 5 independent China refineries and integrate them into chemical plants.
     
    The company’s (CNOOC) plans to acquire independent oil plants, put it firmly on the road to becoming a fully integrated oil firm to take on the country’s government oil duopoly of Sinopec Corp and PetroChina. CNOOC is quielty quadrupling capacity at a plant toproduce bitumen in the booming eastern city of Ningbo to 160 MBD and could eventually turn the faility into a refinery for transportation fuels. (Ningbo like Huizhou will process heavy Bohai Bay crudes).
    Regards

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