Home / Knowledge / News / Textiles / Setting up of large scale ethylene plants in the pipeline
Setting up of large scale ethylene plants in the pipeline
20
Apr '09
According to Deputy Chief Engineer from State Petroleum Planning and Engineering Institute, Zhang Fuqin, domestic oil consumption in 2009 will reach 214 million tons, a year-on-year increase of only 2-3 percent, well below the 10 percent growth recorded in 2008;

At the same time, domestic new capacity of finished petroleum products will be much higher than the increase in demand, due to which operational rate of oil refining enterprises in 2009 will start to show a clear downward trend.

She said, in 2008, China accounted for 7 percent of the worldwide refining capacity, second only to the United States and out of the 655 total global refineries; China had 53 of them accounting for 8 percent of all refineries.

She added by saying that, China plans to build 18 refineries with a capacity of million tons per year in the future and with this new addition, oil refining capacity will reach nearly 300 million tons.

This includes nearly 150 million tons of sour crude oil processing capacity. At the same time, the state will build 12 large-scale ethylene plants and total ethylene capacity will reach 1, 200 million tons per year.

And Sinopec China's largest petrochemical refinery will be modified and will also build 13 new projects in total and she expected that Sinopec's refining capacity would reach 328 million tons after 2015.

As for CNOOC, refining capacity of Huizhou refinery will expand to 20 million tons in 2011 and aims to scale it up to 40 million tons per year and capacity of Daxie Petrochemical will touch 10 million tons in 2013.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search