China’s ZPC to trial second 200,000 b/d CDU of Phase 2 plant by end-March

摘要

Singapore—China private refiner Zhejiang Petroleum & Chemical is set to start trial runs at its second 200,000 b/d crude distillation unit at its 400,000 b/d Phase 2 refinery by the end of March, a source with close knowledge about the matter told S&P Global Platts. “The company targets to commence the Phase 2 project this year and run both the two phases at above 100% of their capacity, which will lift crude demand in 2021,” the source said. ZPC cracked 23 million mt of crude in 2020, according to the source. Platts data showed the utilization rate of its Phase 1 refinery hit as high as 130% in a few months last year.