Shenghong Group started to build a 16 million mt/yr (320,000 bbl/day) crude distillation unit (CDU) and some other units in Jiangsu province on June 1, which indicated that the company launched the full-scale construction of its new refinery. This is the largest CDU in China. The company also began construction of a 3.10 million mt/yr continuous reform, a coal gasification unit and some other units on the day in east China’s Lianyungang city, the company said. Shenghong’s 320,000 bbl/day refinery will be another large private refining-chemical one in China, following Hengli Petrochemical and Zhejiang Petrochemical. The refinery, scheduled to come online in 2021, will produce a total of about 5.90 million mt of gasoline and diesel per year when it runs at full capacity. Increasing supply when demand lags behind will intensify competition in the domestic market which is already oversupplied. Refineries with a total capacity of 5.08 million […]