16 April 2012 05:33 [Source: ICIS news]
SINGAPORE (ICIS)--PetroChina and Petroleos de Venezuela SA (PDVSA) plan to begin building a 20m tonne/year, or 400,000 bbl/day, joint-venture refinery in Jieyang, Guangdong province, in April-May, a PetroChina source said on Monday.
Construction of the facility is expected to be completed at the end of 2014 and it will be brought on stream in 2015, according to the source.
The refinery is a 60:40 joint venture between PetroChina and PVDSA, and it will mainly refine
The facility will include two 10m tonne/year crude distillation units, two 3.8m tonne/year delayed cokers, a 2.2m tonne/year VGO hydrocracker, a 3m tonne/year fluid catalytic cracker and a 2m tonne/year continuous catalytic reformer, said the source.
The capacity of the refinery is expected to be expanded to 40m-50m tonnes/year and a 1m tonne/year cracker might be built at the same site in the future, according to the source who did not specify when these expansion plans will take place.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|