China's Sinopec Zhongyuan PC to re-engineer cracker

31 December 2009 04:37  [Source: ICIS news]

GUANGZHOU (ICIS news)--Sinopec's subsidiary Zhongyuan Petrochemical Corp (ZPC) plans to spend Yuan (CNY) 1.5bn ($220m) to re-engineer its 180,000 tonne/year cracker, changing the feedstock from naphtha to methanol, a company source said on Thursday.

The company is located in Puyang in central China’s Henan province.

“Taking methanol as feedstock is more economical than naphtha,” the source said.

“The re-engineering project includes a methanol-to-olefin plant that would consume 600,000 tonnes/year of methanol to yield some 200,000 tonnes/year of ethylene and a 100,000 tonne/year polypropylene (PP) unit,” he added.

The company runs a 60,000 tonne/year PP unit at present. The company would also expand capacity of its polyethylene (PE) plant to 260,000 tonnes/year from 200,000 tonnes/year.

PE and PP products from the company would be sold primarily in Henan's local markets.

The source did not give a time frame for the start and completion of the re-engineering project.

($1=CNY6.83)

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By: Fanny Zhang
+65 6780 4359



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