Construction starts at PetroChina’s new complex in China
The complex will have a 400,000 barrels/day refining capacity and also produce 2.6 million tons/year of aromatics and 1.2 million tons/year of ethylene. The CNY65.4 billion ($9.5 billion) project would also be PetroChina’s largest investment in the refining and petrochemicals sector.
The company is expected to carry out a test run at the refining portion of the project in October 2021, while the chemical units are planned to undergo a test run in December 2021.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- European PVC buyers resist initial hike attempts for September
- Asian PVC continues to face downward pressure; all eyes on Taiwan’s Oct pricing
- PE producers defy lower C2 contracts in Europe on margin recovery targets
- China’s seasonal demand sparks opposite views among PP, PE players; SEA outlook still bleak
- Middle East financial results offer mixed bag in Q2/H1 2024
- Waning cost support, demand sour PET sentiment in Italy and West Europe
- India’s PP, PE markets extend declines in Sept; will post-monsoon demand kick in?
- Local PVC prices see fresh drops across Southeast Asian markets
- Stats: EU27’s H1 2024 polymer imports down on year; PVC sees sharpest decline
- Asian petchem producers’ Q2/H1 results hampered by overcapacity