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Sinopec/SABIC Tianjin Petrochemical Company hits target output

November 29/2011

( -- Located in the Dagang District of Tianjin Sinopec/SABIC Tianjin Petrochemical Company largest single ethylene installation in China reached its goal of annually producing 1 million tons of ethylene 38 days ahead of schedule, and will certainly surpass its production plan in 2011.

All the technical and economic indexes of the installation continue to remain at the benchmark levels of the industry. The year of 2011 is the first goal-reaching year of the installation since it successfully passed the test run and was put into service in January 2010.

The cracked-gas compressor, known as the "heart" of the installation, is still in good condition after running for 23 months. The project's newly added water consumption of 3,000 tons per hour completely comes from desalted seawater, demonstrating the installation's circular economy.

Perspectives of development of the polymers markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

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