MNI BRIEF: PBOC Held Gold Purchases In Aug, Forex Reserves Rose

MNI: WILLIAMS SAYS JOBS DATA CONSISTENT WITH SLOWING ECONOMY

MNI BRIEF: US Aug Jobs Confirm Fed Rate Cut; U-Rate 4.2%

MNI: BLS: NET PAYROLLS REVISIONS FOR JUNE, JULY -86K

MNI China Daily Summary: Friday, September 6

MNI BRIEF: China To Address Consumption In Next Five-year Plan

EZ/UK Bond Supply Calendar: EU Syndication; BoE APF Due Monday

CANADA AUG IVEY PURCHASING MANAGERS INDEX 48.2 SA

MNI: BLS: NET PAYROLLS REVISIONS FOR JUNE, JULY -86K

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

REFINING: China's New Yulong Refinery Starts Ethylene Unit Trial Run

REFINING
BulletEnergy BulletsCommodities

China’s major new refinery, Yulong started a trial run of the cracked gas compressor at a 1.5m-ton/yr ethylene unit on Aug. 15, according to the official China Industry News cited by Bloomberg.

  • The 400,000 bpd petchem facility is understood to have bought 5.1mbbls of crude in recent months ahead of the start of test runs.
  • In April, Yulong received 8.3 million metric tons of crude oil import quota for 2024.
  • Phase I of the project includes capacity for 20m tons/yr of oil refining, 3m tons/yr of aromatics and 3m tons/yr of ethylene.
89 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

China’s major new refinery, Yulong started a trial run of the cracked gas compressor at a 1.5m-ton/yr ethylene unit on Aug. 15, according to the official China Industry News cited by Bloomberg.

  • The 400,000 bpd petchem facility is understood to have bought 5.1mbbls of crude in recent months ahead of the start of test runs.
  • In April, Yulong received 8.3 million metric tons of crude oil import quota for 2024.
  • Phase I of the project includes capacity for 20m tons/yr of oil refining, 3m tons/yr of aromatics and 3m tons/yr of ethylene.