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$4 billion for first Brunei Refinery & Aromatics complex
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Clik here to view.Zhejiang Hengyi Petrochemicals co.ltd (Zhejiang Hengyi) is the largest polyester fibers manufacturer in China. Founded in 1994 it is a privately owned company.
Zhejiang Hengyi is planning to build an integrated refinery and petrochemical complex at Pulau Muara Besar in Brunei Darussalam with the country’s first aromatics production facilities, the chemical-fibers production units.
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Clik here to view.The Pulau Muara Besar refinery project will include:
- 135,000 b/d crude and condensates refinery
- 1.5 million t/y diesel
- 400,000 t/y gasoline
- 1 million t/y jet A-fuel
- 1.5m tonne/year “light” naphtha cracker
- 1.5m tonne/year paraxylene (PX) unit
- 500,000 tonne/year benzene plant
Sinopec Engineering (SEI) is working on the FEED
The capital expenditure for the first phase Pulau Muara Besar refinery project is estimated about $4.29bn
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Clik here to view.The production of aromatics at the petrochemical complex will be the first of its kind in Brunei.
The front end engineering and design for the project will be undertaken by Sinopec Engineering Inc. (SEI), the engineering arm of Sinopec.
The crude oil feedstock will be sourced locally and a portion of the gasoline, diesel and jet A-1 fuel produced will be marketed domestically in order to meet the growing demand of local consumption.
A non-binding memorandum of understanding (MoU) has been signed between Brunei Shell Petroleum (BSP), Brunei Shell Marketing and Zhejiang Hengyi, with respect to the supply of crude oil to the project and its offtake of refinery products.
Pulau Muara Besar refinery project aims to help reduce Zhejiang Hengyi‘s reliance on imports of petrochemical products. Currently, 60% of its consumption of p-xylene comes from imports.
The plant alone can meet 30 % of Zhejiang Hengyi‘s demand for petrochemical products.
The completion is expected for 2015
The capital expenditure for the second phase Pulau Muara Besar refinery project is estimated at $3.5bn to expand the refinery to produce olefins,