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Sinochem Hongrun, Kenli and Lijin Petrochemical are qualified to use import crude

China Petroleum and Chemical Industry Association (CPCIF) claimed on July 10th and 14th that Sinochem Hongrun, Kenli Petrochemical and Lijin Petrochemical were qualified for using import cru

July 16, 2015

Loss of coking unit was cut to CNY132/mt

This week, based on CNY4,100/mt of Russia M100 spot ex-stockpile price at Shandong market on July 15th, the loss of processing imported straight-run oil at Shandong teapots was cut to CNY795

July 15, 2015

Shandong teapots run rate faltered down to 42.65%

According to JYD statistics from 37 Shandong teapots, up to July 15th, CDU run rate nudged down by 0.63% to 43.28% amid a thorough investigation on bus transportation and downturn of teapots

July 15, 2015

China's consumption of non-fossil energy will reach 15% by 2020

As a developing country, China consumed 4.26 billion metric tons of stand coal equivalents in 2014, 66% of which was coal. It attaches great importance to the development of renewable energy

July 15, 2015

China’s largest fuel oil wharf with 300,000-ton scale started construction

On July 8th, the largest fuel oil wharf with 300,000-ton scale of Huaying Chemical in Huizhou Port started construction. The wharf would be completed and put into operation at the end of 201

July 15, 2015

MTBE review in first half of 2015

In first half of 2015, MTBE traced out an up-and-down trend.

July 15, 2015

Producing coal tar oil and naphtha will be refundable 50% in Shaanxi

It was known from Shaanxi Provincial Finance Department, the taxpayers selling self-produced resource comprehensive utilization products and providing services can enjoy value added tax refu

July 14, 2015

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