June 19, 2011 at 11:03 am #2227
Sinopec to invest 100 bln yuan in new refinery in east China
People Daily June 18, 2011 – China Petroleum and Chemical Corp., Asia’s largest oil refiner, also known as Sinopec, is planning to invest more than 100 billion yuan (15.43 billion U.S.dollars) for a new refining complex in China’s east Jiangsu Province, reported Saturday’s China Daily.
The project, with an annual processing capacity of 32 million tonnes, will be located in the Xuwei New Area of the coastal city of Lianyungang, said the report, citing a local government official.
The refining complex will be developed in two phases, with the first plant built with an annual refining capacity of 12 million tonnes and annual production capacity for 1 million tonnes of p-xylene, a Benzine-based hydrocarbon, it said.
The project is waiting regulatory approval from the National Development and Reform Commission(NDRC), the country’s top economic planner, with construction expected to begin in 2013 and production to start in 2016, according to the report.
Sinopec and the local government will both have a stake in the project, but they have yet to reach agreement on the holdings. Wang Tianpu, Sinopec’s president, said that the company intends to invite major foreign petrochemical firms to join the project.
The move will expand China’s refining capacity to meet the nation’s increasing demand for oil, said the newspaper.
June 19, 2011 at 11:04 am #5031
Here is recent update on Sinopec’s new $15.4 Billion 12 MM mtpy complex (first phase – eventually 32 MM mtpy) New Refinery in Lianyungang (Jiangsu province) which is now scheduled begin construction in 2013 & start-up 2016.
Doesn’t mention the coker addition but earlier reports indicate it would produce 600-1,000 kmtpy petcoke. Originally the coker was to be completed by end 2009 / first 2010.
The Sinopec Lianyungang coker will be in same province as Sinopec’s Jingling coker (now at 3 coking units).
You must be logged in to reply to this topic.