Sinopec Shanghai Petrochemical's H1 refinery runs up 7.9 on yr
Sinopec Shanghai Petrochemical Co Ltd processed nearly 8 percent more crude oil in the first six months of this year versus a year earlier, the company said in its filing to Shanghai Stock Exchange.
The plant, a unit of top state refiner Sinopec Corp, processed 7.34 million tonnes of crude oil in the first half, or about 296,000 barrels per day, 7.9 percent more than a year earlier.
The plant, a major petrochemicals maker, produced 402,500 tonnes of ethylene during the period, 13.3 percent higher than a year earlier.
The plant plans to further expand refinery runs and production of cleaner fuels in the second half. It also aims to expand refined fuel exports.
Overhauls at facilities including an ethylene unit and a diesel hydrocracking unit are planned, the firm said, without giving further details.
It reported first-half net profit up 36.8 percent on the year.
Reporting by Chen Aizhu
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