China National Offshore Oil Corp. (CNOOC) has completed trial runs at its Huizhou Refining and Chemical Phase II project located in Daya Bay, Guangdong Province, China, after nearly three years of construction. The refinery is part of a complex that includes an ethylene plant which is a joint venture with Royal Dutch Shell. The capacity of the oil refinery is 10 million tonnes per year and the ethylene complex has a capacity of 1.2 million tonnes per year.
With a total investment of CNY46.6 billion (USD7.03 billion), the project is currently China’s largest integrated oil refinery and petrochemical complex.
After the successful completion of the test run, CNOOC Huizhou Petrochemical Co. Ltd.’s crude oil processing capacity will reach 22 million tonnes per year.
The Huizhou complex was touted as “China’s most dynamic and most competitive refining enterprise” by the Chinese Academy of Engineering.
As of late September, the ethylene project is 98.48% complete and is expected to achieve mechanical completion early next year.
CNOOC’s Huizhou refinery also has a lube base oil-refining unit, with an annual output of 1.3 million tonnes, making the company the third largest base oil producer in China.
China National Offshore Oil Corp. Chairman Yang Hua said that China National Offshore Oil has always insisted on differentiation, integration and green development. It is an inevitable choice for China’s CNOOC to build a world-class energy company with Chinese characteristics, he said. In the future, CNOOC will better meet the country’s rapid growth in high-end petrochemical products demand, he added.
China National Offshore Oil Corp. is part of the state-owned Assets Supervision and Administration Commission of China. The company was founded in 1982 and is headquartered in Beijing.