China's Hengyi plans US$13.65bil expansion at Brunei petchem complex

SINGAPORE (Reuters) - China's Hengyi Petrochemical Co Ltd plans to spend US$13.65 billion to build the second phase of a refinery and petrochemical complex in Brunei, it said on Tuesday in a stock filing.

Hengyi, one of the few private Chinese firms operating a refinery outside China, plans to add a 14 million tonne per year (280,000 barrel per day) crude oil refinery and a two million tpy paraxylene unit at its complex in Palau Muara Besar, the company said.