Feasibility study on the 1.5-mil-mt/yr joint-venture olefin project between CNOOC Oil & Petrochemicals and QPI China (South) has been under approval stage, revealed a source with CNOOC Huizhou refinery.
The project to be located in Yangpu Economic Development Zone in South China’s island province Hainan will consume LPG supplied by Qatar Petroleum.
It is rarely seen so far in China that producing olefin with imported propane and butane as feedstock.
The project mainly comprises 1.5-mil-mt/yr ethylene cracker and 13 downstream units.
CNOOC Oil & Petrochemicals is a wholly-owned subsidiary of China National Offshore Oil Corporation (CNOOC).
QPI China (South) is a wholly-owned subsidiary of Qatar Petroleum International (QPI).
