China – Aramco intends to begin building a sizable integrated refinery and petrochemical complex in northeast China with joint venture partners NORINCO Group and Panjin Xincheng Industrial Group.
The second quarter of 2023 is when construction is scheduled to begin after the project received the necessary administrative approvals. By 2026, it should be completely functioning. The complex, which is being developed in the city of Panjin in China’s Liaoning region, will receive up to 210,000 bpd of crude oil feedstock from Aramco.
Complex
The complex will include a 300,000 barrels per day refinery and a petrochemical plant with an annual production capacity of 1.65 million metric tonnes of ethylene and 2 million metric tonnes of paraxylene. Huajin Aramco Petrochemical Company (HAPCO), a joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%), is building the complex.
