BP Chemicals, China Petroleum and Chemical Corporation (Sinopec) and Sinopec Shanghai Petrochemical (SSP) . . .
01 March 2001 00:00 [Source: APC]
BP Chemicals, China Petroleum and Chemical Corporation (Sinopec) and Sinopec Shanghai Petrochemical (SSP) have concluded a joint feasibility study for their $2.7bn ethylene (C2) cracker and derivatives complex in Shanghai.
The three companies will now submit the feasibility study report to the Chinese authorities for approval. The project is 50% owned by BP Chemicals, 30% by Sinopec and 20% by SSP.
In October 1999, the Chinese authorities approved a proposal for the ethylene plant, which will be located at the Shanghai Chemical Industrial Park.
The ethylene plant is due to start operating by 2005. It will have a capacity of 900 000 tonne/ year, feeding into polyethylene (PE), polypropylene (PP) and polystyrene (PS) plants with a capacity of over 1m tonne/year.
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