China’s Sinopec to spend $29 B upgrading four refining bases

6 Mar 02 Mar, 2017

Sinopec group will invest $29.05 billion to upgrade four refining bases between 2016 and 2020 to produce higher-quality fuels in China. After the upgrades, the total refining capacity of the four refining sites will reach 130 MMtpy, or 2.6 MMbpd, while ethylene capacity will reach 9 MMtpy. The sites are in the cities of Shanghai, Nanjing and Zhenhai on the east coast and Maoming-Zhanjiang in southern Guangdong province. It started construction in December 2016 of a greenfield oil refinery and petrochemical complex in Zhanjiang that includes a 200,000 bpd refinery and an 800,000 tpy ethylene complex.

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