$4b refinery plant in Brunei approved

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petrochemcial plantChinese petrochemical company Zhejiang Hengyi has secured regulatory approval from China to build a planned $4.32 billion refinery complex in Brunei that will house the country’s first aromatics production, the company’s parent firm Hengyi Petrochemical has announced.

The refinery complex, which will have an 8 million tonnes per year capacity, will be built at Pulau Muara Besar, the Shenzhen-listed company said. The complex will produce 1.5 million tonnes per year of diesel, 400,000 tonnes per year of gasoline, 1 million tonnes per year of jet kerosene and 1.5 million tonnes per year of naphtha.

It is also expected to produce 1.5 million tonnes per year of paraxylene, a chemical substance which is mainly used to produce plastic bottles, and 500,000 tonnes per year of benzene, which is a gasoline component.

The refinery will get part of its crude supply from Brunei Shell Petroleum. Details on construction and start-up schedule of the Brunei refinery complex were not provided.

Hengyi Petrochemical is one of the biggest polyester and plastic components producers in China and has strategic partnerships with China Petroleum & Chemical Corporation, Shell, Mitsu, and Exxon Mobil. The company was founded in 1994 and is based in Hangzhou, China.

 

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Reading Time: 1 minute

Chinese petrochemical company Zhejiang Hengyi has secured regulatory approval from China to build a planned $4.32 billion refinery complex in Brunei that will house the country’s first aromatics production, the company’s parent firm Hengyi Petrochemical has announced.

Reading Time: 1 minute

petrochemcial plantChinese petrochemical company Zhejiang Hengyi has secured regulatory approval from China to build a planned $4.32 billion refinery complex in Brunei that will house the country’s first aromatics production, the company’s parent firm Hengyi Petrochemical has announced.

The refinery complex, which will have an 8 million tonnes per year capacity, will be built at Pulau Muara Besar, the Shenzhen-listed company said. The complex will produce 1.5 million tonnes per year of diesel, 400,000 tonnes per year of gasoline, 1 million tonnes per year of jet kerosene and 1.5 million tonnes per year of naphtha.

It is also expected to produce 1.5 million tonnes per year of paraxylene, a chemical substance which is mainly used to produce plastic bottles, and 500,000 tonnes per year of benzene, which is a gasoline component.

The refinery will get part of its crude supply from Brunei Shell Petroleum. Details on construction and start-up schedule of the Brunei refinery complex were not provided.

Hengyi Petrochemical is one of the biggest polyester and plastic components producers in China and has strategic partnerships with China Petroleum & Chemical Corporation, Shell, Mitsu, and Exxon Mobil. The company was founded in 1994 and is based in Hangzhou, China.

 

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