China's largest petrochemical refiner has its sights set scaled growth to produce high-quality, regulatory compliant products.
Sinopec fuels meet new regulations Image: Sinopec
With the implementation of the new Capital VI emission standards now underway in Bejing, Sinopec announced that it had completed the upgrade of all its petroleum products stored in oil depots and at service stations across the City to meet the new regulations.
In addition, the oil giant revealed a CNY200bn ($29bn) expansion programme to upgrade four of its major refineries across the country in Shanghai, Nanjing, Zhenhai and Maoming-Zhanjiang. The upgrades are in addition to a 200bpd petroleum and 800,000t per annum ethylene complex already under construction to specifically meet the new China National VI specifications being introduced.
The upgrades will significantly boost Sinopec's production capacity, with the four plants capable of producing 2.6m bpd of petrochemical products and nine million tonnes of ethylene annually - 45% and 65% respectively of the company's total output.
According to company Chairman, Wang Yupu, the investment is “a strategic move that fits the global industrial trend for clustered and scaled growth and helps transform China’s petrochemical products to medium and high quality.”
Published 6th March, 2017
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