Chinese producer CNOOC Ningbo Daxie Petrochemical plans to start up a deep catalytic cracker (DCC) at Ningbo in April next year.
Construction of the DCC, which processes 2.2mn t/yr of residual fuel oil and vacuum gasoil, is nearing completion. It has a capacity to produce 420,000 t/yr of propylene. The DCC is located within the Daxie development zone at Ningbo in east China's Zhejiang province.
CNOOC Ningbo Daxie has not built any propylene downstream units and will need to sell its propylene to the market.
The company has built 300,000 t/yr dry gas-based ethylbenzene plant and a derivative 280,000 t/yr styrene monomer plant. The DCC and derivatives units are part of CNOOC Ningbo Daxie's integrated distillates utilization project with total investment of about 13bn yuan ($2bn). Construction begain in 2013. Its other petrochemical units include a 400,000 benzene/toluene/xylene plant and a 120,000 t/yr MTBE unit.
Daxie Petrochemical, which produces fuel oil and bituminous feedstock, has a 160,000 b/d crude distillation unit.
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