Chemical News
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China to restrict construction of refining project with capacity below 10-mil-mt/yr
https://www.chemnet.com Apr 28,2011
The Chinese government will limit construction of crude refining project with capacity less than 10-mil mt per year, according to Guidance Catalog for Adjustment of Industrial Structure (2011) lately issued by the National Development and Reform Commission.
The guidance catalog will become effective from Jun 1.
The threshold prescribed in the 2005 version was 8-mil mt per year.
The government will also restrict the construction of some secondary processing units, such as fluid catalytic cracker and hydrocracker of less than 1.5-mil mt in annual capacity and continuous reformer (including aromatics extraction unit) with capacity below 1-mil mt per year, the NDRC said.
The policy is in accordance with the regulations prescribed in the recently-released Guidance Catalog of Industry for Foreign Investors (Draft), besides which it encourages construction of ethylene project with shares relatively held by Chinese enterprises with annual capacity at 1-mil mt or above.
In addition, the government will tether the construction of naphtha catalytic cracking unit for producing ethylene with annual capacity below 800,000mt, the NDRC also said.
Major refineries in China are estimated to add more than 100-mil-mt/yr of crude refining capacity in total during the Twelfth Five-Year Plan period (2011-2015), annual capacity of each unit is above 10-mil mt, C1's data indicated.
However, the government will take into consideration other factors like industry layout, crude sources, capitals and environment protection, etc., market sources denoted.
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