The Huajin Aramco Petrochemical Company celebrated the groundbreaking of a significant integrated refinery and petrochemical complex (HAPCO). The facility at Panjin, in China’s Liaoning Province, is being built by a joint venture between Aramco (30%), NORINCO Group (51%), and Panjin Xincheng Industrial Group (19%).
The facility was anticipated to be completely operational by 2026, according to a statement made on March 26. Up to 210,000 barrels of crude oil feedstock per day (bpd) from Aramco are anticipated to be supplied to the project.
Mohammed Y. Al Qahtani, Aramco Executive Vice President of Downstream, said in a speech at the event: “This complex is a cornerstone of our efforts to support a world-class, integrated Downstream sector here in China, as petrochemicals will play a vital role in our joint success. Once complete, we believe HAPCO will be a model for China’s modern petrochemicals industry moving forward, able to deliver lower carbon products, chemicals, and advanced materials.”