AlwaysFree: Hengyi To Expand Petrochemical Complex In Brunei

China's Hengyi Petrochemical Co Ltd on Tuesday announced a $13.65-billion plan for the second phase of its refinery and petrochemical complex at Pulau Muara Besar in Brunei. Under the second phase, Hengyi will install a new 280,000-bpd crude oil refinery, a 2 million tons/year paraxylene plant, a 1.65 million tons/year ethylene unit and a 2.5 million tons/year purified terephthalic acid (PTA) production line. Hengyi said that the construction would last for three years but did not disclose a date for starting work. It said that the new capacities would generate an additional net profit of up to $1.72 billion a year. Hengyi started up a 160,000-bpd refinery and petrochemical units at the complex in 2019.