News Post
Sinopec plans to refocus production at its long running Anqing refinery
Sinopec is reportedly expected to spend $1.5 billion dollars to redirect the production at the long running Anqing refinery towards a petrochemical upgrade plan for over 2 million tons per year (tpy). The first phase would add the production capacity of 640,000 tpy of propylene, 150,000 tpy of ethylene, and 610,000 tpy of unspecified aromatic production. The second phase is being planned to add 650,000 tpy of additional petrochemical products not yet announced. Trial production is expected by the fourth quarter of 2022.
The 46-year-old Anqing refinery currently has a production capacity of approximately 180,000 bpd will continue refined product work, but it will be reduced by approximately one third after the petrochemical upgrade is finished. Sinopec’s decision to move to petrochemical construction is likely due to the current oversupply of fuel in the country due to additional capacity coming online in the last year. This upgrade plan echoes the changes made last year to Petrochina’s Liaoyang refinery that added paraxylene while curtailing its oil production.
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