Already a Bloomberg.com user?
Sign in with the same account.
PetroChina Daqing Petrochemical Co. completed construction of a unit at its plant in northeastern China and raised the annual crude-processing capacity to 10 million metric tons.
The project, with an investment of 1 billion yuan ($157 million), involves adding a crude distillation unit with processing capacity of 6 million tons a year, China National Petroleum Corp., the parent company, said on its website today. The facility will help meet feedstock demand for a 1.2 million ton-a-year ethylene unit.
The expanded refinery is scheduled to start operations in October, according to Daqing Petrochemical’s website.
To contact Bloomberg News staff for this story: Jing Yang in Shanghai at firstname.lastname@example.org; Chua Baizhen in Beijing at email@example.com
To contact the editor responsible for this story: Alexander Kwiatkowski at firstname.lastname@example.org