29 October 2013 06:42 [Source: ICIS news]
SHANGHAI (ICIS)--China’s Sinopec Shanghai Petrochemical Co is on track to mothball its 150,000 tonne/year naphtha cracker in Jinshan by the end of November this year, a source close to the company said on Tuesday.
The company plans to shut the facility as it is uneconomical to run such a small cracker, market sources said.
This 150,000 tonne/year cracker was initially expected to make way for a larger 800,000 tonne/year cracker at the same site.
However, that project has been delayed and it is unclear whether the plan will still go ahead, the sources added.
The new cracker was expected to come on stream in end-2014 or 2015.
Shanghai Petrochemical also operates a 700,000 tonne/year naphtha cracker in Jinshan.
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