China’s private chemical giant and refiner Hengli Petrochemical has cut its operations to 90% and its crude oil processing rate at a north-eastern plant, down from 109% due to spreading of coronavirus in the country.
The cuts at the 400,000-barrel-per-day refinery and petrochemical complex in Dalian will be equivalent to 17%, or 76,000 bpd. It has also Hengli also shut its 3.2-million-tonne-per-year reforming unit, one of three it operates, because of a mix of technical and market problems.
Hengli also cut back operations at a newly started plant making purified terephthalic acid, or PTA, to half its capacity, from 80% earlier, the spokesman said. The facility has an annual capacity of 2.5 million tonnes of PTA.
