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Sinopec Shanghai Petrochemical processed 8pct more crude in H1 2018

Gasoil News - Published on Thu, 23 Aug 2018

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Reuters reported that Sinopec Shanghai Petrochemical processed nearly 8 per cent more crude oil in the first six months of this year versus a year earlier, the company said in its filing to Shanghai Stock Exchange. The plant, a unit of top state refiner Sinopec, processed 7.34 million tonnes of crude oil in the first half, or about 296,000 barrels per day, 7.9 per cent more than a year earlier. The plant, a major petrochemicals maker, produced 402,500 tonnes of ethylene during the period, 13.3 per cent higher than a year earlier.

The plant plans to further expand refinery runs and production of cleaner fuels in the second half. It also aims to expand refined fuel exports.

Overhauls at facilities including an ethylene unit and a diesel hydrocracking unit, are planned, the firm said, without giving further details. It reported first-half net profit up 36.8 per cent on the year

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Posted By : Nanda Koijam on Thu, 23 Aug 2018
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