The expansion process was initially scheduled to be completed in September, but has been delayed due to various internal issues, the company said.
Sinopec said in a report that the Sinopec Jiujiang refinery is planned to process 20% more crude oil in the fourth quarter of fiscal year 2015.
The upgrade project involved addition of 100,000 barrels per day (bpd) crude unit as well as increase throughput during the fourth quarter.
Additionally, the refinery has been installed with a residue fuel hydrotreating unit with a 1.7 million ton-per-year capacity as well as a 2.4 million tpy hydrocracking unit to enable production of higher grade fuels.
Sinopec, which also invested around $7.78m on new environmental facilities, is considering investing around $3.86m soon, reported China Business News?.
Separately, Sinopec is considering acquiring controlling stake in petrochemical firm Dragon Aromatics, reported Reuters citing sources with familiar with the matter.
Recently, the company secured approval from China for the construction of a $20bn coal-to-gas pipeline.
The pipeline, designed to carry up to 30 billion m³ gas annually, will run 8,400km from Xinjiang to the manufacturing hub of Guangdong province.
Image: Sinopec headquarters in Chaoyang District, Beijing, China. Photo: courtesy of WhisperToMe/Wikipedia.
