| Danial Norjidi |
HENGYI Petrochemical Co has delayed the start-up of its refinery at Pulau Muara Besar to late 2017.
This was revealed yesterday by the company’s director, PC Huang, according to a report by Reuters.
The report went on to highlight that according to Huang, on the sidelines of an industry conference in Singapore, the refinery was initially expected to start up next year but has now been delayed.
The Borneo Bulletin reached out to the company for a comment and, in response, Sheikh Rashid Salam, Vice President for Corporate Services at Hengyi Industries, affirmed that the project is still very much underway.
“In order to respond to market supply and demand and capitalise on some of the value-added products, we had to reconfigure and optimise the refinery configuration with the installation of a coking plant and the construction of a single buoy mooring,” he said.
“The delay is in the redesigning and integration of this equipment and related processes onto the original for at least 12 months.”