1 Million T/A Delayed Coking Project Starts up

The 1 million t/a delayed coking project with a total investment
of RMB323 million was recently completed and successfully
conducted wet commissioning in Changyi Petrochemical Co., Ltd.
located in Weifang, Shandong province. Construction of the
project was started in September 2005 and petroleum coke product
was produced on November 11th, 2006, which signals the 1 million
t/a delayed coking project put on stream. After completion, the
project will help the company increase its annual sales revenue
by RMB2.4 billion.