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MOSCOW (MRC) -- Sinopec Corp's Qilu
refinery has resumed operations after a more than three-month overhaul of its
160,000 barrels per day (bpd) crude processing facility, reported Reuters with reference to the company's
statement on Thursday.
The refinery, based in China's oil refining hub
Shandong province, has total crude oil processing capacity of 13 million tonnes
per year, or 260,000 bpd.
"With only half-month left before the
year-end, the refinery will increase operational rates at all production
facilities to meet the output targets for 2020," Sinopec said.
As MRC informed earlier,
SKGC's joint venture Sinopec-SK Wuhan Petrochemical plans to restart its
naphtha-fed steam cracker in Wuhan in the second-half of December as scheduled
after the turnaround and debottlenecking. The cracker was shut down in
October, 2020.
SK Wuhan's steam cracker is able to produce 800,000
mt/year of ethylene and 400,000 mt/year of propylene.After the debottlenecking,
the cracker's ethylene production capacity will be increased to 1.1 million
mt/year and propylene capacity to 550,000 mt/year. The company will add a new
60,000 mt/year butadiene unit at the plant.
Ethylene and propylene are
feedstocks for producing polyethylene (PE) and
polypropylene (PP).
According to MRC's ScanPlast report,
Russia's estimated PE consumption totalled 1,760,950 tonnes in the first ten
months of 2020, up by 3% year on year. Only high density polyethylene (HDPE) and
linear low density polyethylene (LLDPE) shipments increased. At the same time,
PP shipments to the Russian market reached 978,870 tonnes in
January-October 2020 (calculated using the formula: production minus exports
plus imports minus producers' inventories as of 1 January, 2020). Supply of
exclusively of 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. |
