Saudi Aramco and Its Joint Venture in China to Develop Integrated Refinery and Petrochemical Complex

Reuters, March 10, 2022

Saudi Aramco (2222.SE) said on Thursday its joint venture in China will develop a major integrated refinery and petrochemical complex in the northeast of the country.

The project, expected to be operational in 2024, combines a 300,000 barrel-per-day capacity refinery and ethylene-based steam cracker, with Aramco set to supply up to 210,000 barrels a day of crude oil feedstock.

Huajin Aramco Petrochemical Company (HAPCO) is a joint venture between Saudi oil giant Aramco and North Huajin Chemical Industries Group Corporation (000059.SZ) and Panjin Xincheng Industrial Group.

Reporting by Ahmad Elhamy; Editing by Kirsten Donovan

Copyright 2024 Thomson Reuters. Click for restrictions.

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