Sinopec Zhenhai launches major petrochem complex

https://www.chemnet.com   Apr 23,2010

　　Sinopec Corp Zhenhai refinery, China's biggest refinery, started formal operation of a long-planned major petrochemical complex on Tuesday, the in-house China Chemical Industry News said on Thursday.

　　The 1-million-tonne-per-year (tpy) ethylene complex, in Zhenhai, Ningbo city, is the fourth major ethylene project to come online since 2009 as China moves to reduce its dependence on imported petrochemicals.

　　Sinopec, Asia's largest refiner and China's biggest maker of ethylene -- a building block for petrochemical products from plastics to synthetic rubber -- aims to eventually double the Zhenhai complex's capacity to 2 million tpy, making it one of the world's biggest, the company has said.

　　The petrochemical plant is linked with a refinery in Zhenhai, the country's biggest with a primary crude run capacity of 460,000 barrels per day.

　　The project involved a total investment of about 23.5 billion yuan ($3.4 billion) and an additional environmental protection investment of 1 billion yuan, the newspaper said.

　　It can help add 30 billion yuan of sales revenue a year to the refinery and create about 100 billion yuan of industrial production value in the relevant downstream sectors, it said.

　　China launched two ethylene plants last year, one in the northwest Xinjiang Region and another in southeastern Fujian province, and brought a third online early this year in the northern port of Tianjin. The three plants have a combined capacity of 2.8 million tpy.

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