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 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X