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Sabic, Sinopec begin building USD1.7bn China PC plant

April 05/2012

(hydrocarbonprocessing) -- The joint venture between Sabic and Sinopec says that the planned new polycarbonate (PC) plant at its petrochemical complex in Tianjin city will cost USD1.7 billion. Sabic, which revealed the plan first in May last year, said the plant will be operational by 2015 and construction will start immediately.

 Saudi Basic Industries Corp., or Sabic, the Middle East's largest listed company, said Tuesday its joint venture with China Petrochemical and Chemical Corp. (SNP), or Sinopec, to build a new polycarbonate plant at its petrochemical complex in Tianjin city will cost USD1.7 billion.

The new polycarbonate (PC) production complex with an annual production capacity of 260,000 tpy will be located at the Sinopec Sabic Tianjin Petrochemical Co., or SSTPC, complex in northern China's Tianjin city, Sabic said in an emailed statement.

Sabic, which revealed the plan first in May last year, said the plant will be operational by 2015 and construction will start immediately. Polycarbonate is a key plastic used for producing components for automotive parts and a variety of consumer products.

When the plant is fully operational, Sabic will become one of the world's largest producers of polycarbonate, significantly boosting Sabic's market share, the firm has said. The joint venture, which covers marketing, allows Sabic to supply polycarbonate as feedstock to the company's other plants in China and the Pacific region.

mrcplast.com

Author:Anna Larionova
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Category:General News
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