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ZPC operates refinery in east China at full rates

February 13/2020

MOSCOW (MRC) -- Zhejiang Petrochemical Corp (ZPC), a privately controlled refiner, maintains full operations at its 400,000-bpd refinery in east China, reported Reuters with reference to a senior source with knowledge of the firms operations.

The firm, based in Zhoushan of Zhejiang province, is operating one 200,000-bpd unit at above 100% and a second slightly below full rates, said the source.

Calls to ZPC went unanswered.

As MRC wrote previously, Zhejiang Petroleum & Chemical Co Ltd, one of two new major refineries built in China in 2019, has recently started up the remaining units in the first phase of its refinery and petrochemical complex. The complex, in east Chinas Zhoushan city, is now producing oil products and chemicals to commercial specifications, Zhejiang Petrochemical said on its website.

The company, 51% owned by private chemical group Zhejiang Rongsheng Holdings, said it has started test production at ethylene, aromatics and other downstream facilities, without giving further details.

Zhejiang Petrochemical started a first 200,000 barrels per day (bpd) crude processing unit in late May 2019, following on from the start of a 400,000-bpd refinery owned by another private chemical major Hengli Petrochemical.

The newly started units at Zhejiang Petrochemical should include a second 200,000-bpd crude unit, a 1.2 million tonnes per year (tpy) ethylene unit and a 2 million tpy paraxylene unit.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,093,260 tonnes in 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments rose from both domestic producers and foreign suppliers. The estimated PP consumption in the Russian market was 1,260,400 tonnes in January-December 2019, up by 4% year on year. Supply of almost all grades of propylene polymers increased, except for statistical copolymers of propylene (PP random copolymers).
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, PP random copolymer, propylene, ethylene, petrochemistry, Hengli Petrochemical, Zhejiang Petrochemical, China, Russia.
Category:General News
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