China’s leading refiner Sinopec Corp has finished setting up a 17 billion yuan or US$ 2.7 billion ethylene plant in Central China, Xinhua news agency reported.
China's leading refiner Sinopec Corp has finished setting up a 17 billion yuan or US$ 2.7 billion ethylene plant in Central China#
It took about five years for Sinopec, which contributes about two-thirds of China’s total ethylene production, to set up the 800,000 tons per year (tpy) plant on Yangtze river in Wuhan city, the first petrochemical hub to come up in Central China.
China's leading refiner Sinopec Corp has finished setting up a 17 billion yuan or US$ 2.7 billion ethylene plant in Central China#
Sinopec’s ethylene production dipped 4.1 percent year-on-year during the first six months of 2012. Last year, Sinopec’s ethylene output had grown by 9.2 percent year-on-year.
China's leading refiner Sinopec Corp has finished setting up a 17 billion yuan or US$ 2.7 billion ethylene plant in Central China#
About 50 percent of China’s domestic demand of ethylene is currently met through imports and the country is eagerly looking forward to reduce this proportion.
China's leading refiner Sinopec Corp has finished setting up a 17 billion yuan or US$ 2.7 billion ethylene plant in Central China#
China is expected to add around 7.5 million tpy ethylene capacity during 2011-2015.
China's leading refiner Sinopec Corp has finished setting up a 17 billion yuan or US$ 2.7 billion ethylene plant in Central China#
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