Hengyi planning expansion of petrochemical complex in Brunei
Published by Nicholas Woodroof,
Editor
Hydrocarbon Engineering,
Hengyi, one of the few private Chinese firms operating a refinery outside China, plans to add a 14 million tpy (280 000 bpd) crude oil refinery and a 2 million tpy paraxylene unit at its complex in Palau Muara Besar, the company said.
It will also build a 1.65 million tpy ethylene plant and 2.5 million tpy purified terephthalic acid (PTA) facility.
Construction will take three years and the investment is expected to bring an additional annual net profit of about US$1.72 billion, the firm said, without giving a date for starting work.
Hengyi in 2019 started up a 160 000 bpd refinery and petrochemical facilities at the same site at Palau Muara Besar.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/16092020/hengyi-planning-expansion-of-petrochemical-complex-in-brunei/
You might also like
The Hydrocarbon Engineering Podcast - Overcoming downstream challenges with new technology
In this episode of the Hydrocarbon Engineering Podcast, Omar Sayeed, Centre of Excellence Leader for Reliability, and Rahul Negi, Director of AI and Industrial Autonomous, Honeywell Process Solutions, consider how new, innovative technology can help to overcome some of the challenges facing the downstream oil and gas sector.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.
