PetroChina to invest US$4.5 bn for refinery expansion
Posted on August 4, 2022
China’s second largest refiner PetroChina has launched a US$4.52 billion programme to expand a subsidiary refinery in southern China into an integrated petrochemicals complex, according to Chinese state media. Borealis/Axpo Nordic tie-up for wind energy for Swedish plant. Teijin to deploy power cogeneration at Japanese facility. Elix Polymers Spanish plant to use electricity consumption from renewable sources. Wanhua Chemical partners with Agilis for digital portal for TPUs. Mitsubishi Power completes mega power plant in Thailand. Air Liquide, Chevron, Keppel, and PetroChina to explore CCUS in Singapore. NextChem awarded EUR194 mn grant for Italy’s waste-to-hydrogen project. Azeri Central East drilling platform installed in the Caspian.Ineos awards contract to Atkins for low-carbon hydrogen plant at Grangemouth. (EOG) Asia, which has been online since 2014, is a leading online source of industry-specific news and information. It covers key development updates, such as discoveries, exploration and drilling, deepwater and subsea production, and so on. The waste-to-hydrogen project in Italy received a 194 million euro grant from NextChem. EOG Facebook PetroChina to invest US$4.5 bn for refinery expansion
PetroChina | Online since 2014, Energy, Oil & Gas (EOG) Asia
China’s second largest refiner PetroChina has launched a US$4.52 billion programme to expand a subsidiary refinery in southern China into an integrated petrochemicals complex, according to Chinese state media.
PetroChina plans to add 14 petrochemical units to the Guangxi facilities. It is expected to continue to keep crude oil refining capacity ongoing. This is part of the company’s plan to expand its petrochemical production while also reducing refined fuel production.
The programme is part of PetroChina’s plan to expand in petrochemicals and cut refined fuel production, in line with a broad industry trend to fill a supply gap of high-end petrochemicals.
The Guangxi refinery, based in Qinzhou city, has crude oil refining capacity of 200,000 barrels per day (bpd).
Under the investment, PetroChina will add facilities with total annual capacity of 2.76 million tonnes, including a 1.2 million-tonne/year ethylene unit, a 550,000 tonnes/year gasoline hydrocracking unit and a 350,000 tonnes/year aromatics unit.
After the expansion, slated for completion in 2025, the plant’s production of gasoline and diesel will drop, China Chemical News said.
