The Huajin Aramco Petrochemical Co., Ltd. (Hapco) has received its first cargo of Saudi crude oil feedstock as it prepares to start commercial operations. Hapco is a joint venture of Aramco (30%), the North Huajin subsidiary of China’s Norinco Group (51%) and Panjin Xincheng Industrial Group (19%) and is developing a 300,000 b/d refinery and integrated petrochemicals complex, including 1.65mn t/y ethylene capacity at Panjin in Liaoning province of northeast China.
North Huajin General Manager Zheng Baoming said on 9 October “the arrival of the first shipment of Arabian crude marks a major milestone in the development of the project and brings us closer to the start of operations.” (CONTINUED - 201 WORDS)