Project Profile
Value: $12,000 Million
Startup Year: 2013
Refinery: 400,000 bbl/day
Ethylene: 1,200,000 tonne/year
Location: Taizhou City, Zhejiang Province
The project will see the proposed construction of a world-scale petrochemical complex. The first phase of the project includes a refinery with annual processing capacity of 20 million metric tons of crude oil (around 400,000 b/d), annual production capacity of 1.2 million tons of ethylene, and a 300,000-ton crude oil dock in Dachen Island.
Operators:
PetroChina: Operator with 51% interest
Qatar Petroleum International (QPI): 24.5% interest
Shell: 24.5% interest
Contractors:
Fluor: Feasibility study