SINGAPORE : PetroChina has finished building a large tank farm for its greenfield refinery and petrochemical complex in southern China's province of Guangdong, the state-backed Shanghai Petroleum and Natural Gas Exchange said in a report. The tank farm, part of a new complex in the city of Jieyang, has st
SINGAPORE : PetroChina has finished building a large tank farm for its greenfield refinery and petrochemical complex in southern China's province of Guangdong, the state-backed Shanghai Petroleum and Natural Gas Exchange said in a report.
The tank farm, part of a new complex in the city of Jieyang, has storage of 3.8 million cubic meters, with 2 million cubic metres allotted for crude, it said, citing project operator PetroChina Guangdong Petrochemical. Guangdong Petrochemical comprises a 400,000-barrel-per-day refinery and a 1.2-million-tonnes-per-year ethylene complex.
The report did not say when the new plant will be launched, but industry sources expect trial production to begin in the fourth quarter of this year.
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