16 May 2013 03:53 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Sinopec Wuhan is planning to bring on stream its new 800,000 tonne/year ethylene cracker at Wuhan Hongshan district of Hubei province in end-June 2013, a company source said on Thursday.
The unit can produce 280,000 tonnes/year of monoethylene glycol (MEG), and China’s domestic MEG capacity will reach 5m tonnes/year in 2013 following the new start-up, the source added.
The central branch of Sinopec Chemical Commercial Holding at Wuhan in Hubei province will take over the new ethylene unit's product distribution, according to the source.
After the new start-up, China would be more self-sufficient for its MEG needs, one market source said.
China imports MEG cargoes from overseas every year. In 2012, China’s MEG import volumes were at 7.94m tonnes, the market source added.
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