$4b refinery plant in Brunei approved

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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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...

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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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