Views: 1 Author: Site Editor Publish Time: 2020-01-14 Origin: Site
Large refinery projects successively start operation, and upstream capacity expands rapidly
In the past two years, large-scale refining and petrochemical projects of domestic private giants have continued to accelerate. At the end of 2019, a centralized production startup period has ushered in. For the PX link, capacity has expanded rapidly this year. Among them, Hengli Petrochemical put 4.5 million tons/year of capacity into production in March and Sinochem Hongrun's 600KT/year unit started operation in August. Hainan Refinery's 1 million tons/year plant commenced operation in September. In addition, Hengyi Brunei and Zhejiang PC's 1,500KT/year and 4,000KT/year units are scheduled to start operation in 2019.
PX capacity may increase by more than 70% in 2019, and the capacity growth of PTA and MEG is high too.