50,000kt/a Oil Refining Project to Be Built at Maozhan Base

Yin Zhaolin, the deputy chief of Sinopec Maozhan Refining and Chemical Integration Project and the general manager of Sinopec Maoming Company, suggested building 50,000kt/a oil refining, 3,000kt/a ethylene, 1,000kt/a lubricating oil and 3,000kt/a aromatics projects at Maozhan Base.

On the one hand, Maozhan Base locates in the junction of Pan-Pearl River Delta and Pan-Beibu Gulf Economic Zone and owns enormous resources, abundant petrochemical industrial bases and natural deep-water ports.

On the other hand, the demand for refined oil and LPG was strong. SCI learnt that China exported LPG to Southeast Asia via Guangdong Ports. Besides, Maozhan Base exported refined oil to Pearl River Delta region and Southwest China via pipelines and to Hong Kong, Macao and Southeast Asia via water transportation. Currently, the refined oil resources in Southeast Asia is short. With the economy in Southeast Asia developing rapidly, the demand for petrochemical products will further grow.

According to SCI’s statistics, the total LPG supply in South China in 2017 was 10,217.7kt, and the local refineries supplied about 3,291kt of LPG to the market. Therefore, a large number of imported LPG resources were needed. In 2017, South China imported 6,926.8kt of LPG, taking up 61.63% of the total supply volume. The annual supply volume of LPG in South China will increase by 1,270kt, when the oil refining capacity at Maozhan Base reaches 50,000kt/a, hitting the imported LPG market in South China.