PR83978

ZHANJIANG, China, May 9, 2020 /PRNewswire=KYODO JBN/ --

Sinopec Corp (HKG: 0386), China's leading energy and chemical company, has put

China's largest petrochemical port into operation with the successful docking

and unloading of the New Renown, Crude Oil Tanker (VLCC) from the Middle East.

The tanker was welcomed at the new 300,000-ton crude oil terminal of Sinopec

Zhongke Refinery Port, which forms part of the company's industry-leading

"front terminal, rear plant" production model.

Photo - https://photos.prnasia.com/prnh/20200509/2799602-1

New Renown, Crude Oil Tanker (VLCC) from Middle East, Docked at 300,000-ton

Crude Oil Terminal of Sinopec Zhongke Refinery Port.

Housed 1,100 meters from Sinopec's refinery plant, the petrochemical port

features eight terminals including a 300,000-ton crude oil berth, 100,000-ton

oil berth and supporting facilities -- providing a total capacity of 34 million

tons per year. To date, the 100,000-ton berth is the largest domestic refined

oil terminal with a loading and unloading capacity of 5.61 million tons per

year. The terminal provides convenient access to refined oil and chemical

products for Sinopec's core domestic market, while also offering direct

opportunities for global exports and enhancing Sinopec's competitiveness within

the industry.

Situated on the east coast of Zhanjiang, Guangdong Province, the Sinopec

Zhongke Refinery Port is part of Zhanjiang Integrated Refinery and

Petrochemical Complex -- the biggest project of its kind under construction by

Sinopec Corp, and a key component of the Guangdong Province's 13th Five-Year

Plan. The total investment of the first phase of the project totals more than

40 billion CNY and will add over 10 million tons of refined crude oil capacity

and 800,000 tons of ethylene units per year, in addition to auxiliary

supporting facilities.

Following its completion, it's estimated that the output of the refinery will

exceed 60 billion CNY. Additional output will aid the development of the

downstream industrial chain of the refining and chemical industry, while

injecting new momentum for the economic development of the Greater Bay Area.

At present, there are more than 18,000 builders currently working on-site as

part of the project, and 28 of the 30 major production facilities have been

delivered. The final project is expected to be fully completed and put into

production by the end of July.

About Sinopec

Sinopec Corp. is one of the largest integrated energy and chemical companies in

China. Its principal operations include the exploration and production,

pipeline transportation and sale of petroleum and natural gas; the sale,

storage and transportation of petroleum products, petrochemical products, coal

chemical products, synthetic fibre, fertiliser and other chemical products; the

import and export, including an import and export agency business, of

petroleum, natural gas, petroleum products, petrochemical and chemical

products, and other commodities and technologies; and research, development and

application of technologies and information.

Sinopec sets 'fueling beautiful life' as its corporate mission, puts 'people,

responsibility, integrity, precision, innovation and win-win' as its corporate

core values, pursues strategies of value-orientation, innovation-driven

development, integrated resource allocation, open cooperation, and green and

low-carbon growth, and strives to achieve its corporate vision of building a

world leading energy and chemical company.

Source: Sinopec

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=363252

   Caption: New Renown, Crude Oil Tanker (VLCC) from Middle East, Docked at 300,000-ton

Crude Oil Terminal of Sinopec Zhongke Refinery Port.