The new plant, which is expected to process imported crude oil, will be constructed in the Caojing industrial park that is around 50km from the centre of Shangai, reported Reuters.
Shanghai refinery will include a new crude oil terminal with the capacity to receive a 300,000-tonne very large crude carrier.
The company has started formal planning for the 400,000 barrels-per-day refinery and a one million tonnes-per-year ethylene project, as part of its plan, to reduce pollution by shifting an old plant to Shanghai’s southern edge.
New plant has to get a final government nod and environmental clearance, and is expected to take about five years for completion.
Sinopec is also searching, a new suitable site, for a $13bn refinery in the eastern city of Taizhou, in which Royal Dutch Shell is a partner.
