On September 21, PetroChina Ningxia Refining & Chemicals Company launched its groundbreaking ceremony of a 5 mt/a project in Yinchuan.
The 5 mt/a project of Ningxia Refining & Chemicals Company is a key construction project for CNPC's "11th Five-year Plan", and a primary component of the refining industry belt along CNPC's western pipelines.
The total investment of the project is RMB 8.2 billion.
Ten units and their auxiliary facilities, including a 5 mt/a atmospheric distillation unit, a 2.6 mt/a catalytic cracking unit, a 900 kt/a continuous reforming unit and a 100 kt/a polypropylene unit, will be built and expected to be operational at the end of 2010.
China National Petroleum Corporation (CNPC) is a world-leading integrated international energy company with businesses covering oil and gas upstream and downstream operations, oilfield services, engineering and construction, petroleum material and equipment manufacturing and supply, capital management, finance and insurance services, new energy operations.