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Sinopec plant in Zhenhai eyes big role

By Lyu Chang ( China Daily ) Updated: 2016-09-20 08:20:36

Refinery plans to invest 16.9 billion yuan before 2018 to restructure and upgrade its oil refining business

Zhenhai Refining& Chemical Co, Sinopec's largest refining unit, plans to build itself into a world-class crude processing base, as it benefits from the refining business amid the biggest crude price slump in a generation.

"If we want to play on a global stage, we should build ourselves into a world-class business. This means that we need a larger capacity for high-quality products," said Zhang Yuming, general manager of the Zhenhai refinery.

Sinopec plant in Zhenhai eyes big role

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