Sinochem set foot in oil refining since late 1980s. The Quanzhou refining project which is invested by Sinochem Group, with a capacity of 12 million per annum, located at the Huiquan Petrochemical Industrial Park of Quanzhou, Fujian Province, was selected to be one of the key projects in the National Refining Plan during the "12th Five-year Plan" period.
On August 20, 2012, Sinochem Quanzhou’s 12 million MT/ a refining project was officially approved by NDRC. This project was located in Quanhui Petrochemical Industrial Park of Quanzhou city, Fujian province. It is listed among the key projects constructed and in operation during the “Twelfth Five Years Planning” period for China’s oil industry. The project is designed to produce high quality gasoline (Europe V standard), diesel (all reaching Europe V by 2015), kerosene, BTX, polypropylene and sulfur. Upon its completion, it will rank among the most competitive refineries in the Chinese market. The Quanzhou project will further improve China’s energy industry landscape, and propel the economic growth of West Taiwan Strait Economic District. It will also further complete Sinochem’s oil industrial chain and strengthen the company’s market presence. The construction of the project is currently in full swing, and expected to be put into operation by the end of 2013.
