Sinopec is accelerating the expansion of Hainan Refining & Chemical’s 1 million tons per year ethylene production capacity and its refining facilities

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According to the Press Office of Sinopec, the company is accelerating the construction of the Hainan Refining and Chemicals plant, which will have a production capacity of 1 million tons per year of ethylene as well as for oil refining; it is expected that this project will stimulate downstream industries worth over 100 billion yuan. Sinopec stated that the 1 million tons per year ethylene and refining expansion project will involve the construction of 10 new chemical production units, 3 new refining units, as well as supporting facilities such as docks and storage systems, all built on top of the existing infrastructure. Hainan Refining & Chemical is located in the Yangpu Economic Development Zone of Hainan Province, and it has 30 oil refining and chemical production units, along with corresponding oil storage and transportation facilities and utility systems. It has its own 300,000-ton crude oil terminal and 100,000-ton refined oil terminal.