The Chinese oil and gas group Sinopec has announced the start of construction on a large-scale oil refining and petrochemical complex in the Fujian Province, in eastern China. The facility will notably feature a 16 Mt/year (320 kb/d) oil refining unit. The project is being co-developed by Fujian Petrochemical Company Limited (FPCL, a 50:50 joint venture between Sinopec and Fujian Petrochemical Industrial Group Company, which holds a 50% stake), Sinopec (25%) and Saudi Aramco (25%).
The facility will also feature a 1.5 Mt/year ethylene unit, a 2 Mt paraxylene and downstream derivatives capacity, and a 300 kt crude oil terminal. The construction site is located on the Gulei petrochemical base in the city of Zhangzhou. The project is expected to be fully operational by the end of 2030.
China’s refining capacity increased by 40% between 2010 and 2022, reaching 17.3 mb/d at the end of 2022. There are around 65 refineries with a capacity of over 100 kb/d in the country.
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