|
MOSCOW (MRC) -- China’s Sinochem
Quanzhou Petrochemical is expected to start up its 1 million tons/year
cracker in China around mid of September 2020, reported CommoPlast with reference to a source
close to the company.
Hence the company's polypropylene (PP) and
polyethylene (PE) new plants shall start up around October
period.
The new plants include a 450,000 tons/year high density
polyethylene (HDPE) plant, a 200,000 tons/year low density
polyethylene (LDPE) line and a 350,000 tons/year PP line.
Sinochem
Quanzhou Petrochemical began trial runs at its HDPE plant on 25 August, 2020,
according to market sources.
As MRC informed before,
in January 2020, Sinochem Energy, a unit of China’s Sinochem Group, agreed to
sell a 20% stake to five state-owned firms for 11.56 billion yuan (USD1.65
billion).
Ethylene and propylene are feedstocks for producing
polyethylene (PE) and polypropylene (PP).
According to MRC's ScanPlast report,
Russia's overall PE production totalled 1,712,400 tonnes in the first seven
months of 2020, up by 58% year on year. Linear low density polyethylene (LLDPE)
accounted for the greatest increase in the output. At the same time, overall PP
production in Russia increased in January-July 2020 by 24% year on year to
1,063,700 tonne. ZapSibNeftekhim accounted for the main increase in the
output.
Sinochem Group engages in energy, agriculture, chemicals, real
estate, and finance service businesses in China and internationally. It is
involved in the exploration and production, refining and trading, warehousing
and logistics, and distribution and retailing of oil and gas. The company also
produces and distributes fertilizers, such as nitrogen, phosphate, potash, and
other fertilizers. |
