Aramco set to build integrated refinery, petchem complex in China

Company executives at the signing ceremony  

Saudi Aramco and joint venture partners NORINCO Group and Panjin Xincheng Industrial Group plan to start construction of a major integrated refinery and petrochemical complex in northeast China, the company said in a statement. 

Construction is due to start in the second quarter of 2023 after the project secured the required administrative approvals. It is expected to be fully operational by 2026. 

Aramco will supply up to 210,000 bpd of crude oil feedstock to the complex, which is being built in Panjin city in China’s Liaoning province. 

Huajin Aramco Petrochemical Co. (HAPCO), a joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%), is developing the complex that will combine a 300,000 barrels per day refinery and a petrochemical plant with annual production capacity of 1.65 million metric tons of ethylene and 2 million metric tons of paraxylene.