MOSCOW (MRC) -- Sinochem has received approval from the Fujian Provincial Development and Reform Commission for a refinery expansion and petrochemicals project in Quanzhou, the China Chemical Fiber Group reporte, according to GV.
The USD 6.8-billion project will expand the refinery by 25 % to 300,000 b/d from the current 240,000 b/d capacity.
The company will also add a 1-million-t/y ethylene cracker, an 800,000-t/y paraxylene unit, a 400,000-t/y polyethylene plant, an aromatics extraction unit with 300,000 t/y of capacity, and secondary units.
Sinochem received clearance from the Fujian Environmental Protection Department in October. A schedule for the project was not given.
As MRC informed previously, last year Sinochem got approva from the National Development and Reform Commission for preliminary work for a 1 mln tpa ethylene project in Quanzhou of the southeastern Fujian province.
Sinochem Group engages in energy, agriculture, chemicals, real estate, and finance service businesses in China and internationally. It is involved in the exploration and production, refining and trading, warehousing and logistics, and distribution and retailing of oil and gas. The company also produces and distributes fertilizers, such as nitrogen, phosphate, potash, and other fertilizers.
MRC