Thursday, December 17, 2009

Increasing ethylene capacity in China will entail additional crude oil imports

Guided by the fact that 50% of China's ethylene demand has to be satisfied by imports, China's largest petrochemical producer Sinopec Corp. plans to augment its ethylene capacities. Its parent, The Siinopec Group has recently accelerated the building of ethylene capacities with a decision to build another 800,000 tpa ethylene project in Wuhan, central Hubei province; a 1 mln tpa ethylene project in Tianjin with Saudi Arabia; and a 1 mln tpa project in Zhanjiang with Qatar.

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