Sinopec Vows Higher Gasoline Output
[2008-3-31]
China Petrochemical Corporation, also known as Sinopec Group, will order its refineries to increase gasoline output in a bid to satisfy the market demand.
An insider at the group discloses that Sinopec Zhenhai Refining & Chemical Company, its biggest refinery unit, has begun a trial to reduce the production of aromatic compounds and adjust devices and processing techniques to add the output of gasoline. How much increment will be achieved is difficult to estimate now.
Notably, aromatic compounds are high value-added products and are sold well presently. But the prices of gasoline and crude oil are inversed in China. The production capacity shift will bring CNY 12 million loss to the Zhenhai company.
Refined oil supply has been tight in South China since last winter and Sinopec Group declares that it will supply 1.25 million tons in March in Guangdong Province, which is the biggest oil consumer in South China.
An insider at the group discloses that Sinopec Zhenhai Refining & Chemical Company, its biggest refinery unit, has begun a trial to reduce the production of aromatic compounds and adjust devices and processing techniques to add the output of gasoline. How much increment will be achieved is difficult to estimate now.
Notably, aromatic compounds are high value-added products and are sold well presently. But the prices of gasoline and crude oil are inversed in China. The production capacity shift will bring CNY 12 million loss to the Zhenhai company.
Refined oil supply has been tight in South China since last winter and Sinopec Group declares that it will supply 1.25 million tons in March in Guangdong Province, which is the biggest oil consumer in South China.
Related News »
In Focus »
footwear exports
Last month, European footwear manufacturers proposed extending anti-dumping measures against ..
B2B Keywords:
International market Chinese Importer Wholesale trade Wholesale products World trade Wholesale distributors International trade Foreign trade Wholesale distributor Importers Import export business Sell online Help u sell Global trade How to market a product Online supplier Wholesale product
International market Chinese Importer Wholesale trade Wholesale products World trade Wholesale distributors International trade Foreign trade Wholesale distributor Importers Import export business Sell online Help u sell Global trade How to market a product Online supplier Wholesale product
Feature Products»
Hot Products: A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | 0-9
-
-
About Us -
Links -
Privacy Policy -
Terms of Use -
Site Map -
Contact Us -
Call Center: 0086-95105561 © 2007 Tootoo.com -
