CHINA BUILDS REFINERY
China's National Development and Reform Commission (NDRC) has approved Sinopec Beijing Yanshan Petrochemical Co. Ltd., a subsidiary of China National Petroleum Corp. (Sinopec), to proceed with its plans to build a grassroots refinery in Caofeidian Industrial Zone, Tangshan, Hebei Province, China.
Approved by NDRC in late January, the $4.3-billion refinery would have a crude oil processing capacity of about 12 million tonnes/year and would host additional processing units for residual fluid catalytic cracking, hydrotreating, hydrocracking, isomerization, alkylation, desulfurization, as well associated units and infrastructure, according to notices posted to the web sites of…
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