China Maoming Petchem kicks off refinery expansion

25 January 2011 08:24  [Source: ICIS news]

GUANGZHOU (ICIS)--China’s Maoming Petrochemical, a subsidiary of Sinopec, has kicked off construction of a new 10m tonne/year refinery at Maoming, Guangdong province, Sinopec said on its online newswire on Tuesday.

A 100,000 tonne/year sulphur recovery unit, 2.2m tonne/year catalytic cracking unit and a 400,000 tonne/year aromatic extraction unit would also be built, it said.

The new facilities, to be built at a cost of yuan (CNY) 7.4bn ($1.1bn), are scheduled to start operation by 2013, it added.

The company currently has a combined refinery capacity of 13.5m tonne/year and plans to idle its 3m tonne/year No 1 refinery and 2.5m tonne/year No 2 refinery upon startup of the new one, based on its proposal.

Last year, Sinopec refined 1.55bn barrels and produced 330m barrels of crude, up 13.16% and 0.05% respectively from 2009, based on its own data. Its ethylene production increased by 34.95% to 9.06m tonnes.

($1 = CNY6.58)

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By: Fanny Zhang
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