16 September 2013 11:49 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Sinopec Shanghai Petrochemical Co is expected to mothball its 150,000 tonne/year naphtha cracker in Jinshan possibly within this year, despite delays in building a much bigger cracker as a replacement, a source close to the company said on Monday.
“It is not economical to run such a small cracker,” said the source in Mandarin who did not provide specific details.
The 150,000 tonne/year cracker was initially expected to make way for a larger 800,000 tonne/year cracker at the same site, but the project has been delayed, he said.
The new cracker was earlier expected to come on stream in end-2014/2015, but this is unlikely to happen and the start-up could possibly be delayed to 2016 at the earliest, the source said.
Another source close to the company said it was not clear if the project to build the 800,000 tonne/year cracker will go ahead as planned.
Shanghai Petrochemical also operates a larger 700,000 tonne/year naphtha cracker in Jinshan.
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