Skip to main content

Construction starts on US$20 billion petrochemical and refining complex in China

Published by , Editor
Hydrocarbon Engineering,


According to Reuters, China started building a mega petrochemical and refining complex in Shandong province this week, local state media reported, four months after the US$20 billion project received state approval.

The Yulong project to be built in Yantai, Shandong, China’s hub for independent oil refineries, consists of a 400 000 bpd refinery and a 3 million tpy ethylene plant, Reuters reported in June.

The project is one of nearly 500 key industrial projects that started construction in Shandong province last week with total investment of 544.7 billion yuan (US$81.26 billion), the newspaper reported.

The report did not provide further detail about the financing for the project or when the construction be will completed.

The complex, with investment led by private aluminium smelter Shandong Nanshan Group, adds to China's recent wave of petrochemical investments, which have been led by the private sector and drawn global giants such as BASF and ExxonMobil to build complexes in the world's top petrochemical consumer and importer.

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/28102020/construction-starts-on-us20-billion-petrochemical-and-refining-complex-in-china/

You might also like

The Hydrocarbon Engineering Podcast - Education and training for every phase of the insulating system design process

In this episode of the Hydrocarbon Engineering Podcast, Brandon Stambaugh, Owens Corning Director for Technical Services, joins us to discuss engineers’ demand for education and training to support the critical phases that affect the performance and longevity of insulating systems.

Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):


 

Hydrocarbon Engineering is not responsible for the content of external internet sites.