APIC ’09: SK Energy, Sinopec Wuhan jv delays start-up

14 May 2009 11:46  [Source: ICIS news]

SEOUL (ICIS news)--The Wuhan-based petrochemical complex jointly owned by China major Sinopec and South Korea's SK Energy has delayed its start up to 2012-2013 partly on expectations that demand will remain weak in the next two years, a source close to the project said on Thursday.

The planned 800,000 tonne/year cracker at the site in China's Hubei province was originally scheduled to start up in 2011.

The partners have decided to delay the start-up of the petrochemical complex as demand may take time to recover from the slump amid the ongoing global economic downturn, the source said at the sidelines of the two-day Asia Petrochemical Industry Conference 2009 (APIC '09) in Seoul.

The complex will include the cracker, a 300,000 tonne/year high density polyethylene (HDPE) unit, a 300,000 tonne/year linear low density PE (LLDPE) line, a 400,000 tonne/year polypropylene (PP) plant, a 380,000 tonne/year ethylene glycol unit and other derivative facilities, he said.

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By: Chow Bee Lin
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