MOSCOW (MRC) -- China's greenfield Zhejiang Petrochemical will use a range of process technology from Honeywell UOP for the second phase of its integrated refining and petrochemical complex in Zhoushan, Zhejiang province, according to a document, quoting a senior Honeywell official, seen by S&P Global Platts Thursday, reported Apic-online.
"This second phase of the complex by itself will process 20 million tons per year of crude oil and produce another six million tons per year of aromatics when completed," Bryan Glover, vice president and general manager, Process Technology and Equipment, at Honeywell UOP, stated in the document.
"It will be the largest crude-to-chemicals complex in the world, with more than 50% of the crude converting to petrochemicals."Zhejiang Petrochemical was established in 2017 and is a joint venture between textile companies Rongsheng Holding (51%) and Tongkun Group (20%), as well as chemical company Juhua Group (20%). Saudi Arabia's state-owned oil company Aramco on October 18, 2018, said it was taking a 9% stake in the refinery, with a source close to the project telling Platts that Aramco had agreed to supply around 5 million mt (36.65 million barrels) of crude to the plant in 2019.
With an overall project cost of Yuan 160 billion (USD25.8 billion), Zhejiang Petrochemical plans to ultimately build up 40 million mt/year of crude processing capacity on Yushan Island of Zhoushan city in eastern China's Zhejiang province.
Phase I, revolving around 20 million mt/year of primarily crude processing capacity, will be able to produce 4 million mt/year of paraxylene, along with 8.5 million mt/year of gasoline, gasoil and jet fuel. Zhejiang Petrochemical has plans to start trial operations in February on its crude distillation unit and vacuum distillation unit at the phase I project, a source close to the company said this week.
Construction of the second phase will begin after the full start-up of phase I.
As MRC informed before, in October 2018, state oil giant Saudi Aramco announced that it would take a stake in a new refinery being built by Zhejiang Petrochemical. The oil giant expects to supply 170,000 barrels per day of Saudi crude to the refinery in Zhoushan in eastern China when it starts operation, Aramco's Senior Vice President of Downstream, Abdulaziz al-Judaimi said Reuters.
MRC