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Sinopec top refinery Zhenhai resumes operation after overhaul

July 14/2020

MOSCOW (MRC) -- Sinopec Corps largest refining subsidiary, Zhenhai Refining and Chemical Co, has resumed operations after a nearly four-month overhaul, reported Reuters with reference to Sinopec's statement.

The refinery, based in east Chinas coastal city of Ningbo, has crude oil processing capacity of 23 million tons per year, or 460,000 barrels per day (bpd).

All production units at Zhenhai are now operating at high utilization rates, Sinopec said, without providing further details.

As MRC informed earlier, Sinopec Tianjin Co (Tianjin United Chemical) is in plans to bring on-stream its naphtha cracker following a turnaround. The company was to resume operations at the cracker by early-July, 2020. The cracker was shut for maintenance on May 9, 2020. Located at Tianjin, China, the cracker has an ethylene production capacity of 240,000 mt/year and propylene capacity of 100,000 mt/year.

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

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 595,170 tonnes in the first five month of 2020, up by 10% year on year. Deliveries of all ethylene polymers, except for linear low density polyethylene (LLDPE), rose partially because of an increase in capacity utilisation at ZapSibNeftekhim. At the same time, PP shipments to the Russian market was 457,930 tonnes in January-May 2020 (calculated by the formula production minus export plus import). Deliveris of exclusively PP random copolymer increased.

China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical enterprise group established in July 1998 on the basis of the former China Petrochemical Corporation. Sinopec Group"s key business activities include the exploration and production of oil and natural gas, petrochemicals and other chemical products, oil refining.
Author:Margaret Volkova
Tags:PP, PE, LLDPE, crude and gaz condensate, PP random copolymer, propylene, ethylene, petrochemistry, Sinopec, China, Rossiya.
Category:General News
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