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Article: China: Sinopec JV petrochem unit kicks off.
- Article from:
- TendersInfo
- Article date:
- November 4, 2009
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Byline: manish03
Asia's largest refiner, Sinopec Corp (Sinopec), and Saudi Basic Industries Corp (SABIC) inaugurated their new petrochemical complex, which can produce 1 million tons of ethylene annually and cost 18.3 billion yuan, in Tianjin yesterday.
The two companies had formed a 50-50 joint venture, Sinopec SABIC Tianjin Petrochemical Co Ltd, to build and operate the facility.
The complex includes a 1-million-ton ethylene cracker, along with eight downstream units and utilities, which have been tested and are ready to begin production by the first quarter of next year.
The project will produce 3.2 million tons of chemicals ...