China’s petrochemical revenue up by 34.4% in first-half 2011

22 July 2011 11:21  [Source: ICIS news]

SHANGHAI (ICIS)--China’s petroleum and chemical industries delivered a year-on-year increase of 34.4% in revenue for the first half of 2011 because of economic growth, the China Petroleum and Chemical Industry Federation (CPCIF) said on Friday.

The petroleum and chemical sector achieved yuan (CNY) 4.7 trillion ($729bn) in revenue from January to June, according to CPCIF data.

In the first half of 2011, the chemical sector’s revenue was up by 36% year on year at CNY3.0 trillion, while the refining sector’s year-on-year revenue increased by 31% to CNY1.5 trillion, according to CPCIF.

($1 = CNY6.45)

Read John Richardson and Malini Hariharan’s blog – Asian Chemical Connections


By: Dolly Wu
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