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Sinochem to start up new HDPE, PP plants in China

September 18/2020

MOSCOW (MRC) -- Sinochem Quanzhou Petrochemical is planning to bring its newly constructed high density polyethylene (HDPE) and polypropylene (PP) plants online by 20 September and 30 September respectively, reported CommoPlast with reference to market sources.

The company has also scheduled to bring the 1 million tons/year ethylene cracker on stream on 15 September 2020.

Sinochem has been performing trial operations at the downstream units since August.

Besides the cracker, the petrochemical complex houses a 350,000 tons/year PP line and 450,000 tons/year HDPE line. Meanwhile, the 200,000 tons/year low density polyethylene (LDPE) line would only come online by the first quarter of 2021. 

As MRC informed before, in January 2020, Sinochem Energy, a unit of Chinas Sinochem Group, agreed to sell a 20% stake to five state-owned firms for 11.56 billion yuan (USD1.65 billion).

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.
Author:Margaret Volkova
Tags:PP, PE, LLDPE, propylene, LDPE, HDPE, ethylene, Sinochem, China, Russia.
Category:General News
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