Oil report

Sinopec starts $1.5 bln expansion of Anqing plant

BEIJING, Jan 20 (Reuters) - Asia's top refiner Sinopec Corp 0386.HK600028.SS has started expanding a refinery in eastern China to add 60,000 barrels per day (bpd) crude processing capacity, the firm's inhouse newspaper said.

Sinopec plans to add 10 new facilities including a 40,000-bpd heavy oil hydrotreating unit, a 40,000-bpd catalytic cracker, a 44,000-bpd diesel hydrotreating unit and 20,000-bpd catalytic reforming unit, the paper said.

The plant, in Anqing, Anhui Province, will have a crude run capacity of 160,000 bpd by September 2012, versus the current 100,000 bpd.

The whole revamp will cost some 10 billion yuan ($1.47 billion), part of which will be spent on environmental protection facilities to cut the refinery’s sulphur dioxide emission by 38.5 percent, the paper said.

Reporting by Beijing newsroom, Writing by Chen Aizhu; Editing by Jonathan Hopfner