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Sino-Arabic petrochemical complex
Saudi Basic Industries Corporation (Sabic) and China Petroleum & Chemical Corporation (Sinopec) marked the progress of their new petrochemical complex at Tianjin, China, recently.

The two companies formed Sinopec Sabic Tianjin Petrochemical last year as a 50/50 joint venture to build and operate the new facility. Built at a total cost of US$2.7 billion, the complex will produce 3.2 million tonnes annually of various chemical products, including 1 million tonnes of ethylene as well as other downstream products such as polyethylene, ethylene glycol, polypropylene, butadiene, phenol, and butene-1. The ethylene cracker, along with eight downstream units and all utilities have been tested and are ready to begin production by the first quarter of next year. 

In addition to the immediate expansion of local production, the complex will upgrade the chlorine-alkaline industry in Tianjin and promote economic development of New Binhai District and Tianjin municipality. Initial estimates indicate the jv project will support an annual GDP increase of more than 4% in Tianjin and trigger investment of an additional US$14.8 billion in downstream and associated industries.

 
 
 
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