Related Articles
Forward article link
Share PDF with colleagues

China faces refinery consolidation challenge

A new mega-refinery is meant to concentrate rather than expand capacity. But it may not work out that way, and may have other knock-on effects

China has committed to a new 400,000bl/d mega-refinery in Shandong to be built by 2024. And it plans to shut down an even greater capacity of smaller, less-complicated independent facilities, the so-called ‘teapot’ refineries to make room for the new plant without adding to the country’s refined products glut. But it remains to be seen if China can pull off this consolidation, or if at least some of the teapots marked for closure will cling on and lead to a capacity increase. On the assumption that clean air is a major driver behind the decision, Steve Hanke, professor of applied economics at John Hopkins University in Baltimore, is optimistic. The move will, in his view, be “transformatio



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Iraq renews gas drive
8 May 2021
Baghdad turns again to China to develop its second largest gasfield
European power trading innovation: Old dogs learn new tricks
7 May 2021
The founders of Energy Quantified by Montel have built analysis models before. But this time they have torn up the rulebook
Restrained US shale set for cashflow pay-off
7 May 2021
Rebounding oil prices have boosted company balance sheets, but debt remains the priority over growth
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video