CHINA'S REFINERY INVESTMENT $20 BLN
ENERDATA - 3 Nov 2020 - The Chinese private aluminium smelter Shandong Nanshan Group has started building the 400,000 bbl/d Yulong refinery project in Yantai, Shandong (east of the country). The project will include a 3 Mt/year ethylene plant and will require a US$20bn investment.
China has a refining capacity of 13.1 mb/d, i.e. 2.5 times as high as in 2000 (5.4 mb/d). There are around 65 refineries with a capacity of over 100 000 bbl/d. The Zhenhai (Sinopec) and Dalian (CNPC) refineries are the biggest, with capacities of more than 400 000 bbl/d.