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Sinopec Qilu to restart LDPE plant in China

March 15/2017

MOSCOW (MRC) -- Sinopec Qilu is likely to brought on-stream its low density polyethylene (LDPE) plant following a maintenance turnaround, as per Apic-online.

A Polymerupdate source in China informed that the company has planned to resume operations at the plant in the last week of March 2017. The plant was shut shut for maintenance on March 6, 2017.

Located at Shandong province in China, the LDPE plant has production capacities of 140,000 mt/year.

As MRC wrote before, Russian petrochemical company Sibur is in talks with shareholder Sinopec about investing in a planned gas chemical plant in Russia's Far East. Sibur plans to buy gas from fields which Russia's Gazprom will develop in Eastern Siberia. In December 2015, Sinopec paid USD1.338 billion for a 10% stake in Sibur and said it planned to acquire an additional 10% within three years.

Sinopec Corp. is one of the largest scale integrated energy and chemical company with upstream, midstream and downstream operations. Its principal business includes: exploring, developing, producing and trading crude oil and natural gas; producing, storing, transporting and distributing and marketing petroleum products, petrochemical products, synthetic fiber, fertilizer and other chemical products. Its refining capacity and ethylene capacity rank No.2 and No.4 globally. Sinopec listed in Hong Kong, New York, London and Shanghai in August 2001. Sinopec Group, the parent company of Sinopec Corp., is ranked the 5th in Fortune Global 500 in 2012.


mrcplast.com
Author:Margaret Volkova
Tags:PE, LDPE, Gazprom, Sibur Holding, Sinopec, Sinopec Qilu, China, Russia.
Category:General News
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