05 February 2008 07:34 [Source: ICIS news]
SINGAPORE (ICIS news)--PetroChina, the country’s energy major, cleared the last hurdle for its proposed 10m tonne/year refinery-cracker project in Sichuan province after authorities gave the green light late on Monday.
PetroChina had earlier obtained approvals from the State of Environmental Protection Administration (SEPA) to build an 800,000 tonne/year naphtha cracker, but was waiting for the refinery’s green light to advance the project.
This had pushed back the project’s start-up date to beyond 2010.
The SEPA also approved an aromatics joint venture project in ?xml:namespace>
The project, to produce 700,000 tonnes of paraxylene (PX) and around 300,000 tonnes of orthoxylene (OX) each year, was originally scheduled to start up in 2008.
Dalian Fujia will have a 51% stake in the project while its partner Dahua Group Dalian Petrochemical will take the remainder.
The companies could not be immediately reached for comment.
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