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Shenghong Refinery's 16 million tons/year refining and 1.1 million tons/year ethylene project is scheduled to be put into operation in 2021!

 Last Update: 2022-08-24
 Source: Internet
 Author: User

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Jiangsu Dongfang Shenghong Co.
, Ltd.
(hereinafter referred to as "Oriental Shenghong") announced on the evening of July 3 that the company's secondary holding subsidiary Shenghong Refinery (Lianyungang) Co.
, Ltd.
(hereinafter referred to as "Shenghong Refinery") ) intends to apply to the bank for a medium and long-term loan line with a total principal amount not exceeding the equivalent of RMB 41.
5 billion for the construction of Shenghong Refining and Chemical (Lianyungang) Co.
, Ltd.
’s 16 million-ton refining and chemical integration project.
The specific terms such as the guarantee period of joint and several liability shall be subject to the guarantee agreement signed by the company and the bank

Shenghong Refinery, a secondary subsidiary of Dongfang Shenghong, is the main body of the “Shenghong 16 million tons/year refining and chemical integration project”.
The project officially started in December 2018 and is expected to be put into operation by the end of 2021

Among them, the designed crude oil processing capacity is 16 million tons/year, the scale of aromatics complex unit is 2.
8 million tons/year (calculated by the output of p-xylene), and the scale of ethylene cracking unit is 1.
1 million tons/year

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