New Refinery-Petchem Complex Underway in China
Posted on : 05 Dec, 2016
China will get another refinery-petchem complex soon. The country’s Zhejiang Rongsheng plans to set up a refinery-petrochemical complex in Zhoushan. The complex will be built under a joint venture between Zhejiang Rongsheng and other prospective partners - Tongkun Group and Juhua Group each expected to have up to a 25% equity stake in the project. Zhejiang will own the majority stake of 50 percent in the project.
The $24 billion project is planned to be built in two phases in China's eastern Zhejiang province. The complex will have refining capacity of 40m tonnes/year or 800,000 bbl/day, ethylene capacity of 2.8m tonnes/year, with aromatics production estimated at 10.4m tonnes/year, and a propane dehydrogenation (PDH) unit with a total capacity of 1.2m tonnes/year.
The first phase of the petchem-refining complex is expected to commence operations by end of 2018, while the second phase is due in 2020.
The plant will produce polyethylene (PE), polypropylene (PP), ethylene oxide/ethylene glycol (EO/EG), ethylene vinyl acetate (EVA), styrene, butadiene (BD), methyl tertiary butyl ether (MTBE)/butylene 1, phenol, acetone, bisphenol A (BPA), polycarbonate, acrylonitrile (ACN) and methyl methacrylate (MMA).
More about new capacity additions will be discussed at 14th Phenol/Acetone & Derivatives Markets on 7-8 March, 2017 in Bangkok.
For more information, contact Ms. Grace Oh at email@example.com or call +65 6346 9147.