BANDAR SERI BEGAWAN, Sept 18 (Xinhua): Hengyi Industries Sdn Bhd, a petrochemical joint venture between Brunei and China, has announced that the company is planning to invest about US$13.654 billion in the construction of the second phase of its oil refinery and petrochemical project at Pulau Muara Besar (PMB), a 955-hectare industrial park on an island at the Brunei Bay.
Chen Liancai, Hengyi's chief executive officer, told Xinhua that the construction of the proposed second phase of PMB oil refinery and petrochemical project is expected to last for three years, and that it will add 14 million tons of crude oil processing capacity per year upon completion.
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