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Zhenhai refinery exports first diesel, jet fuel to Europe

February 18/2019

MOSCOW (MRC) -- Sinopec Corp unit Zhenhai Refining & Chemical Corp has exported diesel and jet fuel to Europe for the first time, reported Reuters with reference to Sinopec.

The Zhenhai plant, Chinas largest, loaded 40,000 tons of diesel fuel in early February destined for Rotterdam port, the state energy group said on its social media blog. The plant also loaded 40,000 tons of jet fuel in late January destined for Rotterdam, it said.

For all of 2018, the 440,000 barrels-per-day Zhenhai refinery exported a record 840,000 tonnes of diesel, while jet fuel exports were at a near-record 1.08 million tons.

As MRC informed earlier, in October 2018, Sinopec Corp joined a group planning to build an oil refinery in Alberta, an enterprise that would strengthen demand for the Canadian province's heavily discounted crude. State-owned Sinopec, formally known as China Petroleum & Chemical Corp, along with an Alberta indigenous group, China State Construction Engineering Corp and Alberta management company Teedrum, plan to build a refinery to process 167,000 barrels per day of crude into gasoline and other products, the project's consulting firm Stantec Inc said in a statement on Thursday.

Sinopec Corp. is one of the largest scale integrated energy and chemical company with upstream, midstream and downstream operations. Its principal business includes: exploring, developing, producing and trading crude oil and natural gas; producing, storing, transporting and distributing and marketing petroleum products, petrochemical products, synthetic fiber, fertilizer and other chemical products. Its refining capacity and ethylene capacity rank No.2 and No.4 globally. Sinopec listed in Hong Kong, New York, London and Shanghai in August 2001. Sinopec Group, the parent company of Sinopec Corp., is ranked the 5th in Fortune Global 500 in 2012.


mrcplast.com
Author:Margaret Volkova
Tags:Europe, crude and gaz condensate, Sinopec, Canada, China.
Category:General News
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