Despite Beijing raising its fuel prices in early April, China is expecting its refineries to run at the second highest rate on record during May. 2.69 million bpd are expected to be processed by China’s 12 largest refineries alone. China’s refined output is expected to reach 93.6% of the total processing capacity available in the country. The rise in output is linked to the rise in demand for refined products in the world’s third largest economy.
Also, China increased its exports of gasoline products to 1.41 milllion t in the first quarter of this year. This is more than double the amount exported in the same period of 2009. Exports of diesel have also increased significantly.
Holly Corp. has announced that it expects to run its three refineries at almost maximum capacity during the second quarter of 2010. The Woods Cross refinery will run at approximately 30 00 bpd, the Company’s Tulsa Okalahoma, facility will process 120 000 bpd starting in May and the Navajo refinery in New Mexico will process approximately 90 000 bpd.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/10052010/refining_capacity_in_china_and_the_us/