Sinopec has reported a 14.4% year on year increase in refining volume in the first nine months of this year. In October, refining volume rose 12.3% year on year, hitting record highs for a single month.
During November, Sinopec is expecting to process 4.26 million bpd. This means that the November processing figures will be 9.9% more than the November 2009 figures.
Sinopec Yanshan Petrochemicals is going to restart its 2.5 milltion tpy refining unit. The unit will produce 50 000 tpy of diesel which will help fill the gap between supply and demand in China at the moment for diesel.
PetroChina Co. is increasing its diesel output to try and help battle the shortages of diesel currently being experience in China. The company are going to increase diesel output by 10% from this time last year to 583 000 tpd. The company are also looking to import 200 000 t of diesel to help fill the gap between supply and demand.
Essar Oil is planning on increasing the processing capacity of its Vadinar refinery, Gujarat to 20 million tpd by September 2012. This is nearly double the current capacity.
Total and China Power Investment Corp. are going to form a joint venture coal based petrochemical facility. Total will also be looking in to incorporating a CCS unit into the facility.
Cosmo Oil Co. restarted the No.5 crude distillation unit at the Yokkaichi refinery on November 11th. The unit was shutdown on 22nd September this year for planned maintenance.
Honam Petrochemicals Corp., South Korea, has completed the acquisition of part of the Malaysia based Titan Chemicals Corp. The company now own 73% of the company and are looking to eventually acquire 100% of the company.
On Tuesday 9th November Qatar inaugurated a new petrochemicals facility with a processing capacity of 700 00 tpy. The US$ 1.3 billion project will process polyethylene and olefins in Masaeed industrial city.
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