MOSCOW (MRC) -- Hengli Petrochemical's 74 billion yuan refining and petrochemical complex started construction in Changxing Island Industrial Zone, Dalian, Liaoning Province, marking the first private company entering the oil refining industry, as per www.ccfgroup.com.
The project locates in petrochemical industrial park of Changxing Island and is near the company's PTA plant. The project includes 4.5 mln tpa aromatics complex and 20 mln tpa refining and petrochemical facility.
"The PTA plant of Hengli is the largest, most beautiful and best managed one as I had ever seen in the world," said Christine Dupraz, vice-president of Axens, an international provider of advanced technologies to refine petrochemicals, gas and alternative fuels.
Axens is supplying all the critical key technologies for the crude refining and petrochemical integrated complex.
"Hengli will become a rally integrated company, going from crude oil to PTA," said Dupraz.
Located on the Liaodong Peninsula, Changxing Island is an important part of the Liaoning Coastal Economic Belt, which is enjoying favorable policies for rapid development.
The petrochemical sector, shipbuilding and ocean engineering, equipment manufacturing and port logistics are pillar industries.
It is building a world-class large-scale petrochemical industrial base.
As MRC reported earlier, Hengli Petrochemical Company operates two PTA plants in Dalian with the total capacity of 4.4 million tpa. The company resumed operations at its PTA plant No. 2 with a capacity of 2.2 million tpa at the weekend, 20-21 October, 2012. Company"s PTA plant No. 1 with the capacity of 2.2 million tpa resumed production in September 2012. At present, the plant"s No. 1 capacity utilization is 80% of it total production capacity.
MRC