Caofeidian, a coastal industrial zone from north China's Hebei province, would see the building of eight petrochemical projects with 56 billion yuan of investment, according to local government.
Included are a 15-million-tonne refinery by Hebei Qianhai Petroleum and Chemical Group, a LNG receiving terminal by Great United Petroleum Holding Co., Ltd. and other six chemical projects.
Caifeidian would have the capacity to process 50 million tonnes of crude oil and over 10 million tonnes of light hydrocarbon and produce 4 million tonnes of ethylene and 5 million tonnes of aromatics, according to governmental development plan.
Latest comments