12 April 2013 05:22 [Source: ICIS news]
(Recasts second paragraph for clarity)
SINGAPORE (ICIS)--China’s Sichuan Petrochemical, a subsidiary of state-owned oil giant PetroChina, will postpone the start-up of its two new polyethylene (PE) plants and one polypropylene (PP) plant to July from April, a source from PetroChina’s southwest branch said on Friday.
The source did not provide a reason for the delay in bringing the 600,000 tonne/year PE capacity and 450,000 tonne/year PP plant on stream as scheduled.
However, a source from PetroChina's eastern division said Sichuan Petrochemical may have pushed back the start-up date, because of a shortage in feedstock oil supply.
The domestic supply of PE and PP in China may increase in the second half of this year after the new plants are started up, according to local distributors.
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