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Sinopec's ethylene plant in Zhenhai starts production

April 28/2010

BEIJING (China Knowledge) -- China Petrochemical Corp, which is also known as Sinopec Group, last week said that subsidiary firm Sinopec, Asia's largest oil refiner, has kicked off operations at a new ethylene project at the Zhenhai refinery in Ningbo, Zhejiang Province, sources reported.


Sinopec Group said in a statement that Zhenhai Refining & Chemical Co is the operator of the ethylene facility.


The project, which will be able to produce 1 million tons of ethylene annually, is expected to increase the Chinese oil giant's sales revenue by RMB 30 billion per year and will help promote the development of downstream industries that will generate more than RMB 100 billion in sales revenue a year.


Sinopec invested a total of RMB 23.5 billion in the construction of the ethylene project and the related supporting facilities. The Zhenhai refinery is now the country's largest refinery and the biggest ethylene production base.

Sinopec's ethylene plant in Zhenhai starts production











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