18 December 2007 04:51 [Source: ICIS news]
BEIJING (ICIS news)--Sinopec and its South Korean partner SK Energy are expected to break ground on their cracker project in central China in the next few days for start-up in 2011, sources from the Chinese energy major said on Tuesday.
The companies, which received approval for the yuan (CNY) 1.9bn ($304m) project in ?xml:namespace>
The project is Sinopec's fourth in its 11th five-year plan (2006-2010) which will add close to 4m tonnes of ethylene.
Construction on the other three crackers in
Derivatives at Wuhan could include a 500,000 tonne/year benzene, toluene and mixed xylenes (BTX) unit, two 300,000 tonne/year polyethylene (PE) units and a 400,000 tonne/year polypropylene (PP) unit, a second source said, adding that low density PE (LDPE) could be produced.
A 300,000 tonne/year ethylene oxide/monoethylene glycol (EO/MEG) unit was also planned as there were many EO-derivative factories in the region, he said.
However, negotiations on the derivatives were still ongoing as SK was keen to include more products, the sources said, adding that the current plan could change later.
SK Energy could not be reached for comment.
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