$4b refinery plant in Brunei approved
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.
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.
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. 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...
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.
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.
