20 February 2013 07:04 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Ministry of Environmental Protection (MEP) will soon approve Sinopec Hainan Petrochemical to build a cracker with a 1m tonne/year ethylene capacity at Yangpu in Hainan province, an official from the MEP said on Wednesday.
The ministry has completed its evaluations on the environmental impact assessment (EIA) document, submitted by Sinopec in December last year, and an official approval will be issued “very soon”, said the source, who declined to give an exact date.
A new 5m tonne/year crude distillation unit (CDU) will be constructed at the same time to expand Sinopec Hainan’s refinery capacity to 13m tonnes/year, according to the EIA document on MEP website.
Key derivatives units of the cracker include a 200,000 tonne/year low density polyethylene (LDPE) plant, a 350,000 tonne/year high density PE (HDPE) plant, a 450,000 tonne/year polypropylene (PP) plant and an 800,000 tonne/year MEG plant.
The complex will also produce 600,000 tonnes/year of paraxylene (PX), 160,000 tonnes/year of butadiene (BD), 190,000 tonnes/year of rubber and 100,000 tonnes/year of MTBE, among others.
The entire project, also consists of pipelines, jetties and berths, is estimated to cost yuan (CNY) 41.7bn ($ 6.7bn), the EIA document showed.
($1 = CNY6.25)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections