CNOOC-Kings venture faces delay in on-spec aromatics

04 June 2009 14:44  [Source: ICIS news]

SINGAPORE (ICIS news)--The joint-venture aromatics project between China National Offshore Oil Corp (CNOOC) and Kings Group could see on-spec production by the end of this month or early July, a company source said.

“Raw materials were fed in on Monday but, so far, we’ve yet to achieve on-spec production. We hope to do so by the end of this month or in early next month,” one of the sources said.

The complex at Huizhou, in Guangdong province, had originally expected to start up on 6 June, according to another source.

It is to have a nameplate capacity of 800,000 tonnes/year of paraxylene and 105,000 tonnes/year of benzene,

The complex is located next to a new refinery that started operations in late April. Feedstocks from this refinery would be used for the aromatics complex.

The project is 80% owned by the state-affiliated CNOOC. Kings Group, a conglomerate based in Zhejiang, in eastern China, holds the remaining 20% stake.

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By: Salmon Aidan Lee
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