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Article: China : Sabic, Sinopec mark 3.2m-ton petrochem complex at Tianjin.
- Article from:
- TendersInfo
- Article date:
- November 5, 2009
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Byline: manish03
Saudi Basic Industries Corporation (Sabic)Saudi Basic Industries Corporation (Sabic) and China Petroleum & Chemical Corporation (Sinopec) on Tuesday celebrated partnership in their new petrochemical complex at Tianjin, China.
The two companies formed SINOPEC SABIC Tianjin Petrochemical Co., Ltd, last year as a 50/50 joint-venture to build and operate the new facility.
Built at a total cost of 18.3 billion yuan ($2.7 billion), the complex will produce 3.2 million tons annually of various chemical products, including one million tons of ethylene, as well as other downstream products such as polyethylene, ethylene glycol, ...