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.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections