Sinopec, SABIC start building polycarbonate complex in Tianjin

03 April 2012 13:02  [Source: ICIS news]

SINGAPORE (ICIS)--Saudi Arabia chemicals major SABIC and Chinese state-owned refiner Sinopec on Tuesday began construction of their $1.7bn (€1.3bn) joint venture polycarbonate (PC) production complex in Tianjin, China.

The project is in northern China at the production site of Sinopec SABIC Tianjin Petrochemical Co (SSTPC), a 50:50 joint venture of the two companies, the firms said in a joint statement.

The PC complex is expected to be fully operational in 2015. It was first announced in May 2011.

Once operational, it will be able to produce four major classes of PC – mixed grade, extrusion grade, optical grade, and molding grade polycarbonate.

This is another big development, following the Tianjin 1m tonne/year ethylene project by Sinopec and SABIC, said Huang Xingguo, Tianjin’s mayor and deputy party secretary of the CPC Tianjin Committee.

“It deepens the cooperation between China and Saudi Arabia… and is strategically important for the construction of [a] state-level petrochemical industry base,” Huang said.

SSTPC produces a range of petrochemical products including ethylene, polyethylene (PE), ethylene glycol (EG), polypropylene (PP), butadiene (BD) and phenol at its production base in Tianjin.

 “With the recent growth in industries such as electronics, automotive, information technology and building materials, there is a significant increase in China in the demand for polycarbonate and other engineering plastics,” it said.

In 2010, China consumed 1.13m tonnes of PC but produced only 220,000 tonnes of the material, according to the joint statement.

China relies on imports for PC and it was the highest by volume of all imported engineering plastics, it said.

PC is a plastic used in producing components for automotive parts, CDs and other consumer products.

($1 = €0.75)

By: Nurluqman Suratman

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