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PetroChina refinery to launch in October

09th September 2013

The USD 6.2bn refinery located in Sichuan will be China’s first major refinery

A Chinese oil refinery
The Sichuan facility will be able to produce 200,000 barrels per day and 10 million tons per year.

The launch of PetroChina’s Sichuan refinery will take place in October, Reuters quoted company officials as saying, following several delays since December of last year.

 

Located in the Sichuan province in the southwest of the country, Sichuan will be China’s first major refinery, costing an estimated USD 6.2bn.

 

The facility will be able to produce 200,000 barrels per day and 10 million tons per year. It will process feedstock from PetroChina’s oilfields in the northwest, mostly from the remote Xinjiang region. It will also process oil from Asian neighbour Kazakhstan.

 

The complex includes an 800,000 ton per year ethylene complex that makes feedstocks and intermediates for petrochemicals.

 

The Sichuan refinery was expected to be opened in December last year but earthquakes and safety concerns by local residents have since delayed the project.

 

The recent announcement comes only a week after the Chinese government said that major oil and gas companies CNPC and Sinopec would no longer have new projects approved for failing key pollution targets in 2012. But the move will not affect refining projects under construction.