Shanghai Petrochemical's acrylic fibre output tops the nation

30 Mar '07

3 min read

In 2006, the Group processed 8,920,300 tons of crude oil, down 6.03% over 2005. The Group produced 761,500 tons of gasoline, 2,742,100 tons of diesel oil and 533,800 tons of jet fuel, all representing decreases in production outputs over 2005. The Group also produced 960,300 tons of ethylene and 517,700 tons of propylene, similar to the respective figures for 2005. The Group produced 1,087,800 tons of synthetic resins and
polymers; 549,500 tons of synthetic fibre monomers; 604,600 tons of synthetic fibre polymers; and 330,000 tons of synthetic fibres, representing increases of 1.94%, 11.29% and 1.47% and a decrease of 7.46%, respectively, as compared to 2005.

The Shanghai Secco 900,000 tons/year ethylene joint venture project between the Company, Sinopec Corp and BP Chemicals East China Investments Ltd. operated in a normal manner in 2006, whereby 978,000 tons of ethylene were produced during the year, up 52.33% over 2005. The Group's ethylene production output was among the nation's top, while its production output of acrylic fibre continued to top the nation.

Looking ahead, Mr. Rong Guangdao said, "In 2007, the steady and robust growth in both the international and the domestic economies will bring about good development potential to the petroleum and petrochemical industry. The domestic petrochemicals market is expected to remain prosperous due to the gradually increasing demand for petroleum, natural gas, petroleum products and major petrochemicals.”

Sinopec Shanghai Petrochemical Company Limited

More Sinopec Shanghai Petrochemical Company Limited News...