Saudi Aramco To Start Building China Refinery and Petrochemical Complex
Saudi Aramco, the world’s largest oil exporting company, said on Sunday a venture in China will see construction begin on a major integrated refinery and petrochemical complex in the second quarter of this year.
The project was announced in March last year.
The Huajin Aramco Petrochemical Company is developing a complex that can process 300,000 barrels of oil per day and a petrochemical plant capable of producing 1.65 million tonnes of ethylene and 2 million tonnes of paraxylene a year, Aramco said.
The joint venture includes Aramco, China North Industries Group Corp (Norinco) and Panjin Xincheng Industrial Group.
Aramco will supply up to 210,000 barrels per day of crude oil to the plant, which is being built in China’s Liaoning province. It is expected to be fully operational by 2026.
