China’s Yulong Petrochemical has received 300,000 tons of crude oil import quotas for 2023 in order to secure feedstock for its trial run for a new refinery in the Shangdong province according to JLC and Longzhong, cited by Reuters.

  • Yulong was notified about the quota directly by the Ministry of Commerce, both consultancies added.
  • The new 400kbpd refinery is expected to start up its CDU in 1Q 2024.
  • The refinery is also adding a 1.5mtpa ethylene complex, which is scheduled to be commissioned end 2024.

OIL: China’s Yulong To Receive Crude Import Quotas For New Refinery

Last updated at:Nov-28 14:04By: Felicia Grosse

China’s Yulong Petrochemical has received 300,000 tons of crude oil import quotas for 2023 in order to secure feedstock for its trial run for a new refinery in the Shangdong province according to JLC and Longzhong, cited by Reuters.

  • Yulong was notified about the quota directly by the Ministry of Commerce, both consultancies added.
  • The new 400kbpd refinery is expected to start up its CDU in 1Q 2024.
  • The refinery is also adding a 1.5mtpa ethylene complex, which is scheduled to be commissioned end 2024.

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