05 December 2005 00:01 [Source: ICB]
Lanzhou Petrochemical, a PetroChina subsidiary, has submitted a feasibility study to its parent company to build an aromatics unit in Lanzhou, Gansu province, China.
However, another source said the capacity and downstream plans would only be firmed up after PetroChina had given the project the green light.
Feedstock for the project will come from a 10m tonne/year refinery, operated by Lanzhou Petrochemical, at the same site.
Having increased the scope of a planned cracker for the Lanzhou site, from 360 000 tonne/year cracker to 450 000 tonne/year, the company has also decided to increase the capacity of a planned polyethylene (PE) project from 200 000 tonne/year to 300 000 tonne/year.
Other proposed downstream units include a 300 000 tonne/year polypropylene unit, a 200 000 tonne/year low-density PE unit and a 300 000 tonne/year high/linear low/mid-density PE unit.
This project, estimated to cost between Remnimbi 6-7bn (€630-735m/$742-866m), is scheduled to start commercial production by the end of 2006.
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