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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Aramco JV to Develop Major Refinery, Petrochemical Complex in China

Aramco China
Huajin Aramco Petrochemical Company (HAPCO) is a joint venture between Aramco and North Huajin Chemical Industries Group Corporation and Panjin Xincheng Industrial Group. Asharq Al-Awsat

Saudi Aramco said on Thursday its joint venture in China will develop a major integrated refinery and petrochemical complex in the northeast of the country.

The project, expected to be operational in 2024, combines a 300,000 barrel-per-day capacity refinery and ethylene-based steam cracker, with Aramco set to supply up to 210,000 barrels a day of crude oil feedstock.

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