Guanghui to Invest Crude Aromatics Hydrogenation Project

On February 16, Guanghui Energy Co., Ltd. announced that Guanghui Refining and Chemical Co., Ltd., its holding subsidiary, had singed cooperation agreement with Shandong Huidong Co., Ltd. and Chongqing Yusanxia Chemcial Co., Ltd. The three companies will jointly set up a new joint venture called Xinjiang Xinhuixia Clean Energy Co., Ltd., to build a 1.2 million t/a crude aromatics hydrogenation project at Naomaohu Industrial Park, Yiwu County, Hami area, Xinjiang region.
The equity split of the proposed joint venture is 34%:33%:33% among Guanghui Refining and Chemical, Shandong Huidong and Chongqing Yusanxia, with an investiment of RMB204 million, RMB198 million and RMB198 million respectively.
The 1.2 million t/a crude aromatics hydrogenation project will be conducted in two phases. The first phase, with an investment of RMB1.194 billion, is designed to build 600 kt/a crude aromatics hydrogenation project and expected to come on line in August 2018.