Sign in | Join free

Sinopec corp proposes lpg-based ethylene plant in qingdao

Sinopec corp proposes lpg-based ethylene plant in qingdao Source: www.fibre2fashion.com
Date: 06-07-2013
Visits: 266
Very Poor

China Petroleum & Chemical Corporation, or Sinopec Corp., has proposed to build an ethylene plant in Qingdao, located in East China’s Shandong province.
 
The proposal is for setting up 1 million tons per year ethylene complex at a cost of 18.79 billion yuan (US$ 3.1 billion), according to the Ministry of Environmental Protection (MEP), Reuters reported.
 
Sinopec Corp. is one of the largest integrated energy and chemical company in China, and the proposed plan would help it counter the threat of ethylene imports from the US, where the upcoming shale gas projects would be able to produce ethylene at a price that is less than half the cost of production in the traditional naphtha-fed crackers in Asia.
 
Since China does not have any surplus natural gas, Sinopec would use both natural gas imports as well as LPG produced from its Qingdao subsidiary which produces 240,000 barrels per day.
 
If Sinopec’s project materializes, it would be the company’s first such gas-based ethylene complex. The MEP said it would take about three years time for the construction of the Qingdao complex after the work starts.
 
At present, China imports about 50 percent of its domestic ethylene demand. To meet the domestic demand, Sinopec may also try to produce from shale gas, according to experts.
 
Although China holds the world’s largest shale gas resource, it has so far not been able to replicate the production boom seen in the US, due to environmental and technological challenges, Reuters report stated.
like 369 Unlike 41
Users Comments
No comments to display
Are you sure you want to delete this comment.
Add your comment
User Name:
Email: Will not be published
Rate This article:
Comment:
Maximum 3500 characters
Your name
Your email address
Your friend email address
  • /images/ourservices/125-600/pricetrend.jpg
  • /images/ourservices/125-600/product.jpg
  • /images/ourservices/125-600/videos.jpg
Suntex Asia Limited
32341 Users
have already joined suntexasia.com. Shouldn't you?
Full registration will provide you access to all our free services. It takes only one minute and it is free Go here
Quick registration (it's free)
Accesss to some of our free services
Select membership
Full Name
User Name
Email
Password
Enter the code
axmef
(Note: If you can't read the letters, reload the page to generate a new one.)
terms and conditions
 
Members Login
Already registered
Email
Password
Forgot your password
golden fees
Enter your e-mail address
Choose your room