MOSCOW (MRC) -- Sinopec Zhongyuan Petrochemical has restarted its methanol-to-olefins (MTO) plant following an unplanned outage, as per Apic-online.
A Polymerupdate source in China informed that the company has resumed operations at the plant over the weekend. The plant was shut on November 5, 2018 owing to bearish market conditions.
Located at Henan in China, the MTO plant has an ethylene and propylene capacity of 100,000 mt/year each.
As MRC informed before, in September 2018, Sinopec Corp joined a group planning to build an oil refinery in Alberta, an enterprise that would strengthen demand for the Canadian province's heavily discounted crude. State-owned Sinopec, formally known as China Petroleum & Chemical Corp, along with an Alberta indigenous group, China State Construction Engineering Corp and Alberta management company Teedrum, plan to build a refinery to process 167,000 barrels per day of crude into gasoline and other product.
China Petroleum & Chemical Corporation, or Sinopec Limited is a Chinese oil and gas company based in Beijing, China. It is listed in Hong Kong and also trades in Shanghai and New York . Sinopec is the worlds fifth biggest company by revenue.
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