China Petroleum & Chemical Corporation, one of Asia’s top oil refineries, will witness an oil processing capacity increase of 30 million tons in 2015, after the completion of some petrochemical projects.

These projects are under construction in such cities as Maoming,
Shanghai, and Anqing. Sinopec’s yearly processing capacity stood at 202
million tons in the oil refining sector in 2008.

In November 2009, the Chinese oil refiner just put a complex project
into operation in the southeastern Chinese province of Fujian. It will
soon start the operation of a 1-million-ton ethylene project in
Tianjin, a north port city close to Beijing. The two projects will
drive up its annual ethylene production capacity to more than 8 million
tons.

In 2010, Sinopec will complete the ethylene project in Zhenhai, east
China, as well as the technological upgrading of another project, which
will lead to an increase of 1.15 million tons in its annual ethylene
production capacity.

Currently, Sinopec ranks the third, fifth, and third worldwide in terms
of oil refining capacity, ethylene production capacity, and polyolefin
production capacity, respectively.

Source: 163

Search to find what you want

• Qapco, Norgas sign pact for freight

    The Qatar Petrochemical Company (Qapco) and Norwegian shipping company Norgas have signed a Contract Of Affreightment (COA) for the transportation of ethylene from Mesaieed to various international destinations in the year 2010. The agreement was reached as part of visionary directions of H E Abdulla bin Hamad Al Attiyah, Deputy

• February 2010 saw the beginning, for $ 9 billion refinery JV Kuwait

    Construction of a $9bn Kuwait-China joint venture refinery could begin in February 2010, a top official said on Sunday. The mega refinery and petrochemical complex project has been proposed for the southwestern Chinese city of Zhanjiang. The long-awaited project, jointly owned by Kuwait Petroleum International’s parent KPC, Asia’s top refiner Sinopec

• February 2010 saw the beginning, for $ 9 billion refinery JV Kuwait

    Construction of a $9bn Kuwait-China joint venture refinery could begin in February 2010, a top official said on Sunday. The mega refinery and petrochemical complex project has been proposed for the southwestern Chinese city of Zhanjiang. The long-awaited project, jointly owned by Kuwait Petroleum International’s parent KPC, Asia’s top refiner Sinopec

• Sinopec Shanghai to process 10 million tons of oil this year

    Sinopec Shanghai Petrochemical Co Ltd, which is the largest ethylene producer in China and a subsidiary of Sinopec Group, plans to refine more than 10 million tons of crude oil in 2010 or 200,800 barrels per day, said Sinopec Group in a statement on Friday.

• Saudi Arabia to $ 46 billion in three petrochemical projects

    Researched by Industrial Info Resources (Sugar Land, Texas)–In a bid to strengthen the country’s leading position in the global petrochemical sector, Saudi Arabia has announced plans to invest about $46 billion in three of the world’s largest and most ambitious petrochemical projects. These include the $27 billion Ras Tanura integrated

• MPX Colombian project has 1.74 billion tons of coal

    MPX Energia SA, the energy company controlled by Brazilian billionaire Eike Batista, said its Colombian project has potential resources of 1.74 billion tons of coal, according to a regulatory filing. The project, with three mines in Canaverales, Papayal and San Benito, will begin production in 2012 and output may be

• Location of the oil complex in China has not yet decided: Shell China

     The location of a planned refining and chemical complex, a joint project between PetroChina, Shell China Exploration and Production Ltd. (Shell China) and Qatar Petroleum (QP) has not been decided yet, Li Lusha, spokesperson of Shell China told Xinhua Friday. Li made the comment in response to media reports saying

• Coal production in Hami, Xinjiang more than 12 million tonnes

    Hami Prefecture, an important coal base in Xinjiang Uygur Autonomous Region that plays a key role in supplying coal to East China , last year produced 12.76 million tons of coal, 56.5% more year on year, and sold 11.08 million tons, 6.09 million tons of which were sold outside the

• Zhanjiang Port

    Zhanjiang Port (Group) Co, managing the 16th largest port in China, is seeking a domestic listing in the second half of this year, company sources said. The proceeds from the initial public offering will help finance its effort to boost its annual handling capacity by around 50 million tons, said

• Vale iron ore projects to invest in the next 5 years

    Brazil Vale’s board of directors has approved the investing budget of US$12.9bln in 2010, and the budget soars by 29.3% compared to last fiscal year’s US$10bln, and the majority of investment will be used for the fine iron ore, maintaining the current mines’ operation, research and development as well as

• Brazil Vale raises Moatize coking coal output forecast

    Brazilian diversified miner Vale has already spent $300-million on the development of the mine industrial complex at its Moatize coal mine, in Mozambique, and has increased estimates for coking coal production to 12,7-million tons a year in the first stage of development, Vale financial GM Fabio Bechara said on Monday. This was compared

• 4Q Ferrexpo iron ore output by 24.3% to 7.66 million tonnes

    Ferrexpo PLC, a U.K.-listed, Swiss-registered iron ore miner with operations in Ukraine, Friday said its fourth quarter iron ore production was up 24.3% to 7.66 million metric tons year-on-year. Ferrexpo’s iron ore production in the fourth quarter of 2008 was 6.16 million tons. “Slow but steady recovery in European steel

• Construction of two Tianjin port terminal projects

     On July 28, construction of the Tianjian Port Nanjiang Special Ore Terminal project and the Tianjin Port Shenhua Coal Terminal auxiliary project began simultaneously. Investment in the two projects totaled 2.94 billion yuan and 3.78 billion yuan respectively. Upon completion of the projects, Tianjin Port will have a newly-added annual handling capacity

• In October, SOCAR, increasing global oil production by 2.6% and its own production by 3.4%

    This October the State Oil Company of Azerbaijan (SOCAR) increased overall oil production by 2.6% as compared to September of the year, with increase of its own production by 3.4% by the SOCAR oil and gas producing divisions (NGDUs). For Jan-Oct 2009 overall oil production (taking into account gas condensate)

• Bulk-Saldanha iron ore terminal expansion) will be in 2011

     The Port of Saldanha bulk iron-ore
handling facility expansion project is ahead of schedule and expected to be completed by the end of 2011. According to Transnet’s Ben Khonyane, Phase 1B of the project, which involved the 
expansion of throughput capacity at the facility to 47-million tons a year, has been completed