China Petroleum & Chemical will operate the upcoming Hambantota IV cracking refinery, proposed to be built at Southern Province, Sri Lanka. According to GlobalData, who tracks and profiles more than 1,400 refineries worldwide, the non integrated cracking refinery will be owned by China Petrochemical, with operations expected to start in 2029. Buy the profile here.

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Subsequent expansion at the Hambantota IV cracking refinery will increase its refining capacity by 100mbd.

About China Petroleum & Chemical


China Petroleum & Chemical Corp (Sinopec), a subsidiary of China Petrochemical Corporation, is an integrated energy and chemical company. It operates in the oil and gas exploration and production, extraction and marketing; oil refining; and production, marketing, storage and transportation of petrochemicals, chemical fibers, chemical fertilizers and other chemical products. The company also undertakes import and export agency business of crude oil, natural gas, refined oil products, petrochemicals, chemicals and other commodities and technologies. Its product portfolio includes refined oil products such as gasoline, diesel and jet fuel; and petrochemical products that include synthetic resin, synthetic fiber monomers and polymers, chemical fertilizer and petrochemical intermediates. Sinopec is headquartered in Beijing, China.

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This content was updated on 14 May 2024

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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.