Sinopec invest $3.1 billion in ethylene plant in China

Sinopec to invest $3.1 billion in ethylene plant in China

5:30 AM, 1st July 2013
Sinopec to invest $3.1 billion in ethylene plant in China

BEIJING, CHINA: Sinopec Corp has proposed a $3.1 billion ethylene plant in Qingdao, Shandong province, east China that would be the top Asian refiner’s first to use natural gas and liquefied petroleum gas (LPG) as a petrochemical feedstock. When operational the plant will have a production capacity of one million tonne per year ethylene.

China does not have the surplus natural gas to feed the plant, so Sinopec will be looking at a combination of imports and its own LPG supply from a nearby refinery. “It will be roughly half natural gas that is going to be imported and half LPG which will be produced by our refinery,” said a Sinopec official to Reuters News.

© Reuters News

 

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