BEIJING, May 18 (Xinhua) -- China plans to raise its annual crude oil
processing capacity to 405 million tonnes by 2011, the State Council, or the
Cabinet, said on Monday in its restructuring and stimulus plans for the
petrochemical industry.
That would represent an increase of about 18.4 percent over its processing
volume last year, which topped 342.1 million tonnes, according to the January
figures from the National Bureau of Statistics.
China is scheduled to build three to four major oil refining plants in the
Yangtze River Delta in eastern China and the Pearl River Delta in southern China
by 2011. Each plant would be capable of processing 20 million tonnes of oil
annually, according to plans published Monday by the General Office of the State
Council on its official Chinese website: www.gov.cn.
In addition to boosting processing capacity, the government wants to make
existing facilities more environmentally friendly.
Oil producers and refiners were told to improve their product mix and cut
pollutants. The industry's energy intensity will be reduced by more than 12
percent, by 2011, according to the plans. Waste water and sulfur dioxide
discharge will also be cut by more than 6 percent.
In February, the Cabinet unveiled initial plans to boost the country's
petrochemical industry in a bid to shore up the economy. There was no exact
amount released Monday as to how much funding will be needed for the new plants
and upgrades of older ones.
China produced 189 million tonnes of crude oil last year. Net imports of
crude oil totaled 175.16 million tonnes, the National Energy Administration said
earlier this year.
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