According to Reuters, Hengli Petrochemical has cut its crude oil processing rate to 90% at a northeastern plant, down from 109%, as the spreading coronavirus hit demand.
Reuters calculations show that the cuts at the 400 000 bpd refinery and petrochemical complex in Dalian will be equivalent to 17%, or 76 000 bpd.
“We’ve been planning to shut down the unit for maintenance to fix some technical issues,” the spokesman told Reuters.
“And now it seems the right time, as we are also worried about falling demand for both refined fuel and petrochemicals because of the epidemic.”
The spokesman also confirmed that Hengli has cut back operations at a newly started plant making purified terephthalic acid (PTA), to half its capacity, from 80% earlier.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/12022020/hengli-petrochemical-cuts-refinery-operations/