Price and market trends: Sinopec may idle Jinshan cracker

23 September 2013 00:00  [Source: ICB]

China’s Sinopec Shanghai Petrochemical is expected to mothball its 150,000 tonne/year naphtha cracker in Jinshan, possibly within this year, despite delays in building a much larger cracker as a replacement, a source close to the company said.

“It is not economical to run such a small cracker,” said the source.

The 150,000 tonne/year cracker was initially expected to make way for a larger 800,000 tonne/year cracker at the same site, however, the project has been delayed, he said.

The new cracker was earlier expected to come on stream by the end of 2014 to early 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 even go ahead as planned.

Sinopec Shanghai Petrochemical also operates a larger 700,000 tonne/year naphtha cracker in Jinshan.

By: Peh Soo Hwee
+65 6780 4359

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