Hengli Petrochemical cuts refinery operations
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
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/refining/12022020/hengli-petrochemical-cuts-refinery-operations/
You might also like
Hydrocarbon Engineering Podcast
Susan Bell, Senior Vice President within Commodity Markets – Oil, Rystad Energy, discusses the impact of trade wars on global oil demand and oil prices, in light of President Trump’s ‘Liberation Day’ tariffs.
Versalis unveils demonstration plant for plastic recycling technology
Versalis has unveiled a demonstration plant based on Hoop®, the company’s proprietary technology for the chemical recycling of mixed plastic waste.
