MOSCOW (MRC) -- Huizhou Petrochemical, part of China's China National Offshore Oil Corporation (CNOOC), will resume operations at the Phase 2 refinery with the capacity of 10 million mt/year on April 22, 2021, afer maintenance, reported S&P Global.
This refinery was shut for repairs on March 4, 2021.
As MRC informed earlier, CNOOC Huizhou Refining & Petrochemical also plans to resume production at its aromatic plant in Guangdong province, China, on April 22 after the turnaround, which began on 2 March, 2021.
This plant can produce 100,000 mt/year of benzene, 380,000 mt/year of mixed xylenes and 350,000 mt/year of toluene.
Benzene is a feedstock for the production of styrene monomer (SM), which, in its turn, is used for the production of polystyrene (PS).
According to MRC's ScanPlast report, Russia's overall estimated consumption of PS and styrene plastics in Russia rose in January 2021 by 12% year on year, totalling 45,640 tonnes.
CNOOC is China's third largest national oil company after CNPC and Sinopec. The company was founded in 1982. The headquarters is located in Beijing. The company is engaged in the production, processing and marketing of oil and natural gas offshore China. The Chinese government owns 70% of the company's shares.