Sinopec Hainan Refining's Total Overhaul Impacts South China LPG

According to SCI, Sinopec Hainan Refining & Chemical Co., Ltd. (short for Sinopec Hainan Refining) has make its decision to comprehensively shut down the whole complex and launch the annual overall maintenance for around 63 days from November 8 to next January. The LPG market in South China will be deeply impacted then, especially for the regional markets of Hainan Province and the Pearl River delta region.

Sinopec Hainan Refining is one of the major petrochemical bases of Sinopec with integrated refining and chemical capacity, including 8,000kt/a comprehensive crude oil processing capacity, 8,000kt/a ADU & VDU, 3,100kt/a RFCC, 1,200kt/a CCR, 1,200kt/a hydrocracking, 100kt/a MTBE, 200kt/a isomerization, 2,000kt/a diesel hydrofining and a series of relating processes.

The LPG production of Sinopec Hainan Refining is around 1,600mt/day, taking up over 18% of the domestically produced LPG supply volume in South China. Those resources are supplied to Hainan market and flowed to Guangdong Province via Yangpu Port. The feed gas is supplied to gas deep-processing plants in Yangjiang and Huizhou, and the civil-use gas is mostly delivered to LPG terminals in Yangjiang and Guangzhou.

The overall maintenance at Sinopec Hainan Refining is a major market stimulator at this stage, especially when the import resources keep increasing and the Phase II of CNOOC Huizhou Refining is just put into operation, and it is predicted that the LPG market in South China is likely to keep flourishing in Q4 2017.