A one million-ton oil refining project is expected to start construction in Yangpu Economic Development Zone in Hainan at the end of 2012.

Planned construction period of the oil refining project is 3 to 5 years. Currently, the refinery in the region has an annual output of 8 million tons, with an industrial output value of 57.2 billion yuan in 2011.

With new projects being put into operation, Yangpu will serve as a hinge port for international shipping and logistics, becoming a base for petrochemicals, natural gas, oil reserves, and pulp paper.

Early preparation work has been completed and construction would begin immediately after examination and approval procedures.


Click to read Chinese version

Translated by WOS Team
Editorial Message  
News translation appearing here is the property of www.whatsonsanya.com, however, for those who wish to copy the contents in part or in full, please make reference and link the article copied to our site. Whatsonsanya.com does not necessarily endorse their views or the accuracy of their content. For copyright infringement issues please contact editor@whatsonsanya.com