The refinery, located in southern Chinese city Beihai in Guangxi region, invested 987 million yuan ($148.81 million) in 2019 to build a light cycle oil to aromatic and gasoline (LTAG) unit with an annual capacity of 1.2 million tonnes, as well as a 30,000 cubic metres per hour hydrogen generation unit.
The project is expected to expand Beihai’s crude oil refining capacity to 8 million tonnes per annum, or 160,000 barrel-per-day, from current 6.5 million tonnes.
Sinopec did not give a reason for the delay in its statement.
($1 = 6.6326 Chinese yuan)
(This story corrects to add ‘upgrade’ in headline.)
Reporting by Muyu Xu in Beijing and Chen Aizhu in Singapore; Editing by Himani Sarkar
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