China’s Sinopec to refine 3.8% more crude in 2012

27 December 2011 09:51  [Source: ICIS news]

SINGAPORE (ICIS)--China’s biggest refiner Sinopec is planning to process 227m tonnes of crude in 2012, up by 3.8% from its actual throughput in 2011, a company source said on Tuesday.

The volume accounts for about 86% of the company’s total annual capacity, according to the source.

The oil major will add 14.1m tonnes to its refining capacity in 2012, which is up by 5.3% from the previous year, with most of its new refining projects to start production in the second half of next year, according to data by C1 Energy, an ICIS service in China.

Sinopec’s turnaround schedule for 2012 will involve a total refining capacity of 60m-70m tonnes/year, the company source said.

Sinopec Beihai Petrochemical, which will start operating at the end of 2011, is expected to process 4.5m tonnes of crude in 2012.

The crude throughput from Sinopec Beihai Petrochemical’s 5m tonne/year refinery may become the main source of growth for the company’s crude runs in the year, market sources said.

Sinopec achieved 219m tonnes of crude throughput in 2011, which is about 1.3% lower than previously planned because of the delayed start-up at its newly built Beihai refinery.

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By: Amy Sun
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