Aramco in JV to develop major Chinese refinery ...United Arab Emirates

Aramco and joint venture (JV) partners Norinco Group and Panjin Xincheng Industrial Group plan to start construction of a major integrated refinery and petrochemical complex in northeast China, set to be the largest in the region. Huajin Aramco Petrochemical Company (Hapco), a JV 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 (bpd) refinery and a petrochemical plant with annual production capacity of 1.65m metric tons of ethylene and two million metric tons of paraxylene. Construction is due to start in the second quarter of 2023 after the project secured administrative approvals, wit

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