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Sinopec studies refining complex plan in Singapore

China Petroleum & Chemical Corp. (Sinopec), China’s largest refiner by capacity, is “studying the investment opportunity” to build a large refining and petrochemical complex in Singapore, a company spokesman said. The National Development and Reform Commission (NDRC), China’s top economic planner, in January approved the company’s plan to invest and build a lubricant plant in Singapore. The company is considering expanding the plant into a complex, which will be located on Singapore’s Jurong island, with a crude oil reserve depot and a large refinery in addition to the lubricant plant, China Business News reported, quoting an unnamed official from Singapore’s Economic Development Board (EDB). (April 20, 2010)