Sinopec to Build Plant in China Using ENI's Refining Technology
January 08 2018 - 8:56AM
Dow Jones News
By Anthony Shevlin
China's Sinopec Shanghai Petrochemical Co. (0338.HK) will use
ENI SpA's (ENI.MI) ENI Slurry Technology for the construction of a
new refining plant, the Italian oil-and-gas company said
Monday.
ENI said that Sinopec, the world's largest operator in the
refining sector, has purchased the license and basic engineering
project from ENI for the plant, which will be built at Maoming in
the Chinese province of Guandong.
Construction of the plant is due to be completed by 2020, ENI
said.
ENI Slurry Technology, known as EST, converts refining residues
into high-quality light products.
Sinopec's EST plant will have the capacity to process 46,000
barrels of heavy refining residue a day, ENI said.
As part of the licensing agreement, ENI will provide Sinopec
with the basic engineering project and other services, including
assistance during the development phase and the implementation of
detailed engineering, it said.
ENI said that Sinopec will be responsible for the detailed
engineering and construction operations.
The financial details of the deal have not been made
available.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
January 08, 2018 08:41 ET (13:41 GMT)
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