Wednesday, July 05, 2006

【Chemical Week】Sinopec Holds Ceremony to Launch Stalled Tianjin Cracker Project


Sinopec Holds Ceremony to Launch Stalled Tianjin Cracker Project

By Yu-Tzu Chiu; Young, Ian.
Chemicalweek, 7/5/2006, Vol. 168 Issue 23, p14-14, 1/2p

Sinopec held a ceremony late last month to launch a previously announced project to build an ethylene complex at Tianjin, China. The Rmb26-billion ($3.2 billion) project is scheduled to be completed in late 2009. The complex's ethylene plant will have a capacity of 1 million m.t./year. Sinopec Tianjin Co. (STC), a Sinopec subsidiary, will build the plant, which will increase STC's ethylene capacity to 1.2 million m.t./year. The project also involves revamping and expanding STC's refinery and building thermal power generation facilities. Sinopec chairman Chen Tonghai forecasts that the project will add Rmb30 billion/year to Sinopec's sales, according to a recent report … (…)