Published on June 16, 2017
Chinese Company Hengyi Petrochemicals announced recently that it will complete the construction of its refinery and complex by 2018 and production will commenced by 2019. Earlier the target was set for 2015 which has been already delayed by more than 4 years. The local construction and authorities are responsible for this delay. The facility will primarily provide feedstock for Hengyi's massive Chinese production of pure terephthalic acid, or PTA, an intermediate for making polyester. But it will also churn out fuel, competing with supply from the region's oil hub, Singapore.
IOC to shut its Mathura refinery for maintenance
Indian Oil Corp is planning to shut its Mathura based refinery for maintenance turnaround. The shut down period will start in mid of august and is expected to last for around two weeks.
Refinery is based at Mathura in Uttar Pradesh and has the manufacturing capacity of 1,60,00 barrels per day.
