Shenghong Petrochemical Readies Terminal for Oil Super Tankers
09.26.2022 By TankTerminals.com - NEWS

September 26, 2022 [Energyworld.com] – Chinese refiner Shenghong Petrochemical Corp, part of the listed Jiangsu Eastern Shenghong Co, has readied a new terminal to receive Very Large Crude Carriers and boost the refiner’s logistics efficiency, a company representative said.

 

The Lianyungang terminal in Jiangsu province is able to dock super tankers with capacity of 300,000 tonnes deadweight.

The refiner, which started trial operations at its 320,000 barrel per day crude distillation unit in May, is in the process of starting up secondary and petrochemical units, the company official said.

“The company is aiming to start producing aromatics next month and olefins by the end of the year,” the official said without providing a timeline for commercial operation.

However, trading sources told Reuters that the crude unit is now idled because of weak domestic refining margins.

The company representative declined to comment on the status of the unit.

Shenghong has been shipping in crude oil using smaller vessels from nearby large terminals.

Apart from the crude oil refinery, the $10 billion Shenghong complex includes a 2.8 million tonnes per year (tpy) paraxylene unit and 1.1 million tpy ethylene plant.

The refiner is believed to have bought 2 million barrels of December-arrival Upper Zakum crude, traders added.

Pro Trial: Access 10,390 Tank Terminal and Production Facilities

10,390 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

India's First Methanol Plant to be Set up in Telangana
11.21.2024 - NEWS
November 21, 2024 [Chem Analyst]- In a groundbreaking initiative, India is set to get its first m... Read More
Egypt in Talks with Foreign Companies Over Long-Term LNG Purchases, Sources Say
11.21.2024 - NEWS
November 21, 2024 [Reuters]- Egypt is in talks with U.S. and other foreign companies to purchase ... Read More
INEOS and GNFC Sign a Memorandum of Understanding to Build a New World Scale Acetic Acid Unit in India
11.21.2024 - NEWS
November 21, 2024 [INEOS]- INEOS Acetyls and Gujarat Narmada Valley Fertilizers & Chemicals L... Read More
Peru's State Oil Firm Could Open to Private Investors in 2025, Chairman says
11.21.2024 - NEWS
November 21, 2024 [Reuters]- Peru’s indebted state-run oil firmĀ could consider offering a ... Read More