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Zhongyuan Petrochemical resumes operations at No.2 PP plant

March 05/2019

MOSCOW (MRC) -- Zhongyuan Petrochemical (part of Sinopec) has restarted operations at its No. 2 polypropylene (PP) plant in Henan, as per Apic-online.

A Polymerupdate source in China informed that the company had shut operations at the plant on November 5, 2018 owing to shutdown of its upstream MTO unit. The company has resumed operations at the MTO plant over the weekend of February 16-17, 2019. The plant was shut on November 5, 2018 owing to bearish market conditions. The No.2 PP plant was brought back on-stream recently.

Located in Henan, China, the No.2 PP plant has a production capacity of 110,000 mt/year.

As MRC wrote before, Sinopec Corp shut down its largest refinery for maintenance throughout May 2018, and at least four independent oil plants had started overhauls that month, curbing China"s crude oil demand.

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.


mrcplast.com
Author:Margaret Volkova
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Category:General News
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