Sinopec, SABIC invest $1.7 billion in polycarbonate facility in China

Sinopec, SABIC to invest $1.7 billion in polycarbonate facility in China

12:09 PM, 4th April 2012
Sinopec, SABIC to invest $1.7 billion in polycarbonate facility in China
Fu Chengyu, Chairman, Sinopec.

JUBAIL, SAUDI ARABIA: Sinopec SABIC Tianjin Petrochemical Company (SSTPC), a 50:50 joint venture of Sinopec and SABIC, laid the foundation for a polycarbonate production complex in Tianjin, China. With two sets of phosgene free production systems and an annual capacity of 130-kilo tonne, the new polycarbonate production complex started construction on 3 April 2012 and is expected to be operational in 2015.

The project uses the world’s leading non-phosgene polycarbonate manufacturing technology. With a total investment of RMB11 billion ($1.7 billion) and covering a ground area of 67 hectares, this polycarbonate production complex has an annual capacity of 260,000 tonne.

“The construction of the complex will further enhance the competitiveness and lead China’s way in the petrochemical sector. It also brings both parties to form a closer tie in strategic cooperation, as well as to tighten the bilateral relations between China and Saudi Arabia. Both parties are committed to strive for efficiency, excellence, safety and environmental-friendliness in the project,” said Fu Chengyu, Chairman, Sinopec.

© Arab News 

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