Zhejiang Hengyi plans to build complex in Brunei

Chinese textile manufacturer Zhejiang Hengyi Group revealed plans to build a complex in Brunei for petroleum refining and the first production facility for aromatics in the country. The plan is the latest in a series of projects that the company has lined up as investments in Brunei’s expanding petrochemical industry. The initial phase of the project will require an investment of US$4.3 billion for the construction of facilities that will produce 1.5 million tons per year (t/y) of light naphtha, 1.5 million t/y of paraxylene and 500,000 t/y of benzene using crude oil which will be supplied by Brunei Shell Petroleum. The second phase will require an investment of US$3.5 billion, which will be used to build a naphtha cracker. (April 16, 2012)