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Oil Giants to build petrochemical integration
- Jan 19, 2017 -

Integration has become a oil refinery and petrochemical company's strategic development goals. Yesterday, PetroChina and Sinopec, respectively, in provinces of Yunnan and Guangdong provinces to establish their own refining-chemical integration projects.

It is understood that PetroChina has signed a framework agreement with Yunnan Provincial people's Government in Beijing, the two sides agreed to jointly promote the construction of petrochemical base project in Yunnan province. PetroChina said it will actively carry out preliminary studies of the refinery project in Yunnan province, the project is approved, construction of 10 million tons/year refinery project in Yunnan. In addition, the oil will be built in Yunnan in 1 million tons/year ethylene project, support for the development of its petrochemical industry to provide raw materials.

Sinopec is the introduction of foreign capital, with the Kuwait National Petroleum Company and joint venture in Guangdong Province, Guangdong Nansha refinery integration project preliminary work.