London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

Sinopec surpasses all previous records in FY 2011

April 02/2012
(plastemart) -- China's leading oil, energy and petrochemical group Sinopec posted sales of RMB 2.5 tr (EUR 280 bln) in FY 2011.

Its Chemicals business - mostly consisting of olefins and polyolefins - accounting for less than 20% of total revenues to the tune of about RMB 414 bln (EUR 46 bln). Mirroring the group's overall development, this segment managed to raise sales by 29% yoy, posting an operative result of more than RMB 25 bln (EUR 2.8 bln), which topped the 2010 figure by an impressive 71%.

Sinopec produced and sold about 27.3 mln tons of base petrochemicals in 2011, a yoy rise of 17%. Ethylene accounted for 9.9 mln tons, a 9.2% production increase over 2010. This figure includes the output of all of Sinopec's joint ventures as well. The group's nominal C2 capacities amount to about 7.9 mln tons, making it the world's third largest ethylene producer.

mrcplast.com
Author:Marina Ivanova
Tags:No
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe