China's Sinopec Corp is set to launch a new $5.7 billion refining and petro...
SINGAPORE - China’s Sinopec Corp is set to launch a new $5.7 billion refining and petrochemical complex in the south of the country in second-quarter 2020 using crude oil from Kuwait as a key feedstock, industry officials with knowledge of the matter said.
Zhanjiang is Sinopec’s first major capacity addition since it launched a similar-sized Qingdao refinery on the east coast in 2009. Sinopec did not respond to a request for comment. Calls to KPC’s headquarters outside regular business hours went unanswered. The project would include secondary units such as a residue fluid catalytic cracker , a hydrocracker, a reformer and a diesel hydrotreater that are capable of producing low-sulfur fuels. It is integrated with a 800,000 tonne-per-year naphtha cracker and other petrochemical units.
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