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 ?xml:namespace>
“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
The source did not give a time frame for the start and completion of the re-engineering project.
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