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Shenghong Commences Trial Operation At Refining Project

China’s private refiner Shenghong Petrochemical, a subsidiary of textile giant Shenghong Group, has started trial operation at its greenfield refining complex in east China, according to a Reuters report. The refining complex, with a daily crude oil processing capacity of 320,000 barrels, was initially scheduled to begin operating in late 2021. The refiner has received 7.95 mta of crude oil import quotas from the Ministry of Commerce for 2022. Apart from the refinery, the USD 9.93 billion Shenghong Petrochemical complex also includes a 2.8-mta aromatics unit and a 1.1 mta ethylene plant. Shenghong started work on the plant — comprising a single 320 kbpd crude unit and a 76 kbpd naphtha reformer in 4Q21. Shenghong will produce 56 kbpd of gasoline, 41 kbpd of diesel and 32 kbpd of jet at full capacity, adding to China's oversupply of road fuel. Shenghong Petrochemical hopes to persuade the government to grant it an export quota that would allow it to market the refinery's fuel overseas.

Date: 
2022/06/02