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Zhejiang Satellite receives provincial nod to utilize US ethane for new PE plant

September 13/2019

MOSCOW (MRC) -- Zhejiang Satellite Petrochemical Co. has received regulatory approval from the Jiangsu provincial government to ethane from the US in a new polyethylene (PE) plant to be built in Lianyungang, China, reported Apic-online.

The 1.25-million-t/y ethylene facility, on which con-struction is expected to begin this month, is estimated to cost USD4.2-billion.  Completion is anticipated in about one year.

Zhejiang will receive the ethane from Energy Transfer Partners, starting in the fourth quarter of 2020, under a 10-year supply agreement.

"This is the first entirely gas-based cracker to begin operating in China and also the first to import US ethane as feedstock," said the report citing Kelly Cui, senior analyst at Wood Mackenzie.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,255,800 tonnes in the first seven months of 2019, up by 9% year on year. Shipments of all PE grades increased.
Author:Margaret Volkova
Tags:PE, ethylene, gas processing, petrochemistry, Zhejiang Satellite Petrochemical, China, Russia.
Category:General News
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