New investment of approximately US$13.654 billion in the construction of the second phase of Brunei Da Muara Comprehensive Refining Project
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Xinhua News Agency, Bandar Seri Begawan, September 16 (Reporter Xue Fei) Executives from Hengyi Industrial (Brunei) Co., Ltd., the operator of the Hengyi Petrochemical Damora Island Comprehensive Refining and Chemical Project in Brunei, the largest investment project in Brunei, confirmed on the 16th that the company is preparing to invest an additional US$13.654 billion in the construction of the second phase of the Brunei Damora Island Comprehensive Refining and Chemical Project. Hengyi Industrial Co., Ltd. * Executive Officer Chen Liancai told reporters that day that the construction period of the second phase of the proposed Hengyi Petrochemical Damora Island comprehensive refining project is expected to be three years. After completion, it will add 14 million tons of crude oil processing capacity per year. After the completion of the second phase of the project, related products will not only meet the needs of Brunei's domestic market, but will also be supplied to the international market. Currently, the second phase project construction plan is waiting for Brunei * * Approval.
"New investment is approximately US$13.654 billion.", US dollars? :o:o:o:o
14 million tons, 13.6 billion US dollars, a bit high
30 billion more investment than Shenghong of the same scale
They all think it’s high, but I don’t know the specific investment.
The first phase of the project is only 3.4 billion ======================== Hengyi Industrial (Brunei) Co., Ltd.* Executive Officer Chen Liancai said on the same day that the crude oil processing capacity of the first phase of the project is 8 million tons per year and is expected to be officially put into operation in the third quarter of this year. Part of the crude oil required for project production comes from Brunei's own oil, while the rest is imported from surrounding oil-producing countries. It is reported that Hengyi Industrial (Brunei) Co., Ltd. is a joint venture between China's Zhejiang Hengyi Group and Brunei * * Joint venture established jointly. The investment in the first phase of the project is approximately US$3.45 billion. (This article comes from the interface) (Interface_comprehensive)
That’s how it turns out =================== In January 2020, Hengyi Petrochemical plans to invest in the construction of the second phase of Hengyi Brunei’s 14 million tons refining and chemical project, with an annual production capacity of 1.5 million tons of ethylene and 2 million tons of PX chemicals. The momentum of Hengyi Petrochemical’s development and growth continues. The investment ratio of the chemical industry in the second phase will increase
The first phase only has oil refining, and the second phase is refining with the addition of ethylene and PX.
Main product structure and production capacity table of Brunei Refining and Chemical Phase II Project