CNOOC Ningbo Daxie Plans Several Refining Projects

Researched by Industrial Info Resources (Sugar Land, Texas)--CNOOC Ningbo Daxie Petrochemical Limited (Ningbo Zhejiang, China) is a subsidiary of state-owned China National Offshore Oil Corporation (Beijing, China) and started commercial operations in 2003. It will spend US$2.14 billion on 27 refining projects such as plant expansions, maintenance, unit upgrades and more. Among these projects is the addition of crude distillation unit at its Ningbo Refinery, which began in 2022 and is expected to wrap up in 2025, when it will ramp up to full operating capacity of 120,000 barrels per day. Subscribers to Industrial Info's Global Market Intelligence (GMI) Refining Project Database can click here for more details on the project.

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