China’s Sinopec proposes $4.6bn refinery/petchem project in Hebei
22 January 2013 05:59 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Sinopec has proposed to build a 240,000 bbl/day refinery at Caofeidian in Hebei province and is currently seeking environmental clearance for the project from the Ministry of Environmental Protection (MEP).
The yuan (CNY) 28.6bn ($4.6bn) project is expected to produce about 2.5m tonne/year of gasoline and 4.7m tonne/year of diesel, according to a Sinopec document posted at the MEP’s website.
It can also produce some 160,900 tonnes/year of propylene; 711,900 tonnes/year of naphtha; 250,000 tonnes/year of benzene; and 925,600 tonnes/year of paraxylene.
The project, which is expected to be built in 2013-2015, will be operated by Sinopec Beijing Yanshan, the company document showed.
($1 = CNY6.23)By: Fanny Zhang+65 6780 4359
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.