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The Ground Breaking Ceremony of CNPC's Refining And Ethylene Projects In China

Source: www.gulfoilandgas.com 8/30/2005, Location: Asia

China's Vice President and Member of the Standing Committee of CPC Political Bureau Zeng Qinghong, together with Wang Lequan, Secretary General of Xinjiang Uygur Auto. Reg., and Chen Geng, President of China National Petroleum Corporation (CNPC), attended the ground breaking ceremony of CNPC's 10-million-ton grade refining project and the one-million-ton grade ethylene project held on August 22 in Dushanzi, Xinjiang.

The investment of CNPC's Dushanzi 10-million-ton grade refining project and the one-million-ton grade ethylene project, including 20 refining units and 12 sets of chemical installations, is predicted to be 26.2 billion yuan. The refining section will be completed in 2007 while the chemical part of the project is planed to be finished in 2008. After it completed, the project will be capable of producing 5.5 million tons of oil products, increasing chemical production of 1.82 million tons. With the completion of these project, Dushanzi, a growing up city in Xinjiang Uygur Auto. Reg., will become one of the most important petrochemical producing bases in western China.

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