Fujian Development and Reform Commission recently approved Sinochem Quanzhou Petrochemical Co., Ltd., a subsidiary of state-owned Sinochem Group, to expand Quanzhou refinery and build new ethylene production facility, said a report of steelhome.cn on Thursday.
Sinochem plans to invest 43.27 billion yuan to raise annual refining capacity of Quanzhou refinery to 15 million tonnes from 12 million tonnes and build a 1-million-tonne/year ethylene production facility as well as one 800,000-tonne/year PX production facility.
Handing capacity of high hydrocarbon recovery capacity would increase to 3 million tonnes per year up from 2.3 million tonnes per year. With over 30 billion yuan of investment, Quanzhou refinery came into operation in July 2014.
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