Record ethylene development by Sinopec approved

07 April 2008 09:50  [Source: ICIS news]

SHANGHAI (ICIS news)--Petrochemicals major Sinopec has won approval from the country’s National Development and Reform Commission (NDRC) to launch a 1m/tonne year ethylene project - the country’s biggest - that will make use of the by-products from its 8m tonne/year refinery in Hainan province as feedstock,  a company official said on Monday.

  

The NDRC has given the green light to the project in Yangpu Development Zone, northwest of Hainan, which was expected to break ground in 2010.

 

Sinopec signed a co-operation agreement with Hainan government on Saturday, beginning preparations for the construction of the project, kicking off preparations for the construction of the facilities, added the source.

 

They had not decided if they would build a downstream polyethylene (PE) plant, the source said.

 

“We are doing some market surveys while putting together an investment plan and the Hainan government is working on the environment evaluation and other related jobs,” said the source.

By: Dolly Wu
+65 6780 4359

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