SINOPEC plans to have its $5.7 billion refinery in operation just after IMO 2020 goes into effect
Sinopec Corp of China is reportedly endeavoring to have a greenfield refinery with a processing capacity of 200,000 bpd online by April of next year, according to knowledgeable officials in the industry.
This project will be located in Zhanjiang in the Guangdong province, and is the first large capacity refinery to be completed by Sinopec in just over a decade. With a completion in April, Sinopec hopes to have ideal timing for providing products under the new IMO 2020 rules expected in January that enforce lower sulphur fuels.
This project includes secondary units for this lower sulphur production as follows: a residue fluid catalytic cracker, a hydrocracker, a reformer, and a diesel hydrotreater. These will be integrated alongside petrochemical units that will see an 800,000 tpy naphtha cracker as part of the complex.
Also, separate reports state that Sinopec is working on a crude oil supply deal with Kuwait Petroleum Company (KPC) in order to increase Kuwait sales to China that would reach a record 600,000 bpd in 2020, if it does come to pass.
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From the April 2018 issue of Hydrocarbon Processing