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Release time: 2023-09-15 15:21:50 Source: Saudi Arabia News (Reprinted by Business Department 3) Saudi Basic Industries Corporation (SABIC, Riyadh, Saudi Arabia) and China Petrochemical Corporation (Sinopec) announced the commercial operation of a new polycarbonate (PC) plant built by the SSTPC joint venture. SSTPC is jointly funded by both parties in a 50:50 ratio. Founded in 2009, Sinopec (Tianjin) Petrochemical is a large petrochemical company with nine world-class chemical, polyethylene (PE) and polypropylene (PP) production plants. The new polycarbonate plant is designed to produce 260,000 tons per year and is an important part of Saudi Basic Industries Corporation's polycarbonate growth strategy in China, which will promote cooperation with international and local customers. |
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8/2/2023 9:45:00 AM | Hydrocarbon Processing INEOS has completed the formation of a 50/50 joint venture with SINOPEC for the Tianjin Nangang Ethylene Project, announced in December 2022, which is currently under construction by SINOPEC and expected to be on-stream by April 2024. The petrochemical complex includes a 1.2 mtpa cracker, a new 500ktpa High-Density Polyethylene plant to produce INEOS pipe grade under license and 11 other derivative units. The completion of the agreement today marks the continued progression of the significant petrochemical deals announced by the parties in July and December last year, and highlights the close relationship and growing collaboration between SINOPEC and INEOS. |
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Details about Dagang area refinery added. |
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Sinopec INEOS (Tianjin) Petrochemical Co., Ltd. and manufacturing site have been added. |
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Sinopec Tianjin Branch, Sinopec (Tianjin) Petrochemical Co., Ltd. and Sinopec Group Asset Management Co., Ltd. Tianjin Petrochemical Branch are collectively referred to as Tianjin Petrochemical Company. It is a national super-large refining and chemical integration enterprise affiliated to Sinopec. It was established on December 28, 1983 and is located in Tianjin Binhai New Area. |
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Mass Balance of SSTPC (Sinopec Sabic Petrochemical) has been initialized. |
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SINOPEC SABIC Tianjin Petrochemical Co. Ltd. (SSTPC) has been created.
#sinopec #sabic #jointventure #petrochemicals #china #tianjin |