05 June 2013 10:46 [Source: ICIS news]
SINGAPORE (ICIS)--China National Offshore Oil Corp (CNOOC) has received approval to build a new naphtha cracker and expand its refinery at Huizhou in Guangdong province, the National Development and Reform Commission (NDRC) said on Wednesday.
The approval was granted in May, NDRC said in a statement.
The cracker will be able to produce 1m tonnes/year of ethylene, and the refinery capacity will be increased to 440,000 bbl/day from the present 240,000 bbl/day, according to the statement.
CNOOC currently has a joint venture cracker with Shell at Huizhou, which takes naphtha feedstock from the CNOOC refinery.
The new cracker will be owned solely by CNOOC and it will get naphtha feedstock from the refinery at the same site.
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