Fushun Petrochemical starts construction

PetroChina’s Fushun Petrochemical started the construction of its expansion project in August. Refining capacity will expand to 10 million tons per year and ethylene production to 1 million tons per year. Major refining units are scheduled to become operational by September 2008 and other refining units by June 2009. The ethylene and related chemical production units will be operational by June 2010. The construction of the new complex has strategic significance to the company’s growth, as it will optimize crude oil resource allocation in the northeast. (August 21, 2006)