International oil giant Shell finally entered China's refining industry. The Chairman of Shell China Group, Lin Haoguang, disclosed on July 17, 2012 that the total investment was RMB 80 billion. The Taizhou chemical, oil refining, and sales integration projects jointly promoted by the Zhejiang Provincial Government, Qatar Government, China National Petroleum Corporation, and Shell Group have already The Development and Reform Commission approved the project and will conduct a feasibility study. This is Shell's first involvement in the refining business in China. The project is owned by CNPC's parent company, PetroChina Group, with 51% shareholding. Shell and Qatar Petroleum International respectively hold 24.5% of the project. The project includes annual refining of 20 million tons, annual production of 1.2 million tons of ethylene, and a 300,000-ton crude oil terminal. Prior to this, Shell and the domestic oil giants had conducted a series of cooperation, but only limited to the sale of refined oil, has never really participated in the refining industry. In fact, Shell has been seeking ways to participate in the refining business. In 2006, Shell had negotiations with CNOOC on the shares of CNOOC’s Huizhou refinery project, but was eventually rejected by CNOOC. In 2007, Shell and Sinopec and Kuwait’s joint venture had the intention to promote the Sino-Korean joint venture refinery project in Zhanjiang, Guangdong, but in December 2009 they announced their withdrawal. In early 2011, Shell and CNOOC negotiated and participated in the second phase of its Huizhou refinery project and it failed to reach an agreement. It is worth noting that in other markets in the world, Shell has been shrinking its downstream business in recent years. At the end of 2010, Shell sold its refineries in Finland and Germany respectively, and sold the LPG sales business to the Sri Lankan government in the country. In 2011, a large number of downstream businesses in Africa, the United Kingdom, Chile and Canada were sold separately. In 2012, the fuel processing facility of the Hamburg refinery was closed and the refinery business in Sydney will also be stopped. In contrast, Shell's promotion of the Taizhou project reflects Shell's increasing interest in the Chinese market. Looking at Shell's previous operations in China, the Taizhou refinery and petrochemical integration project will eventually complete its oil industry chain in China. According to information provided by Shell China, there are a total of 331 gas stations operated by Shell under its own brand in China. In Jiangsu alone, Shell and Sinopec have jointly operated 500 gas stations. According to statistics, more than half of the raw materials used in the production of Shell Lubricants and refined oil products need to be imported. Raw materials issues need to be resolved. Taizhou, which is adjacent to Jiangsu, can directly supply oil products for more than 500 gas stations. This kind of pump be used to transfer high temperature hot oil, oil highest temperature can reach to 400 degree. RY and AY Hot oil pump have two type: air-cooled hot oil pump and water cooled Centrifugal Pump. air-cooled hot oil pump is cooling by flowing air, this kind of pump can bear highest temperature is 300 degree. water cooled hot oil pump is cooling by circulating cool water, this kind of pump can bear 400 degree high temperature. pump have cast steel and stainless steel two kind of material. also can be used to transporting corrosive oil. Hot Oil Centrifugal Pump,Electric Hot Oil Centrifugal Pump,High Temperature Oil Pump,Horizontal Hot Oil Centrifugal Pump Botou Honghai Pump Co.,Ltd , http://www.pumphonghai.com