Oil refinery • Refinery • Shandong • Petroleum
Shandong's Yulong Refinery and Petrochemical Complex to Begin Operations in 2024 Image of Shandong's Yulong Refinery and Petrochemical ComplexOpens in a new window www.ogj.com Shandong's Yulong Refinery and Petrochemical Complex Shandong's Yulong Refinery and Petrochemical Complex, one of the world's largest oil and gas projects, is expected to begin operations in 2024. The complex, located in Yantai City, Shandong Province, China, will have a refining capacity of 400,000 barrels per day and a petrochemical capacity of 2 million tons per year. The complex is being developed by a consortium of Chinese companies, including Sinopec, CNOOC, and Shandong Yulong Petrochemical. The project is expected to cost $10 billion to complete. The Yulong complex is expected to play a major role in China's oil and gas industry. The complex will help to meet China's growing demand for refined products and petrochemicals. The complex will also provide a boost to the local economy. The complex is expected to create over 20,000 jobs during construction and over 10,000 jobs once it is operational. The complex will also generate billions of dollars in tax revenue for the local government. The Yulong complex is a major milestone for China's oil and gas industry. The complex is a sign of China's commitment to becoming a major player in the global energy market. Unique Details The Yulong complex is unique in a number of ways. First, it is one of the largest oil and gas projects in the world. Second, it is located in China, which is a major growth market for oil and gas. Third, the complex is being developed by a consortium of Chinese companies, which is a sign of China's growing strength in the oil and gas industry. The Yulong complex is expected to have a significant impact on the global oil and gas market. The complex will help to meet China's growing demand for refined products and petrochemicals. The complex will also provide a boost to the global economy. The Yulong complex is a major achievement for China. The complex is a sign of China's commitment to becoming a major player in the global energy market.