MOSCOW (MRC) -- Sinopec's Zhenhai refinery in Ningbo, eastern Zhejiang province, has issued four tenders for preconstruction works of its 1.2 million mt/year ethylene expansion project, reported S&P Global.
The project also include 15 million mt/year of refining capacity.
Separately, Sinopec's Qilu Petrochemical will shut a 4 million mt/year CDU for maintenance from mid-August till late September and Sinopec's Cangzhou Petrochemical will shut the entire refinery for maintenance over May 10-June 30..
As MRC wrote before, in January 2021, Wood secured a contract valued at over USD120 million with Sinopec Hainan Refining and Chemical Limited Company (Sinopec) to provide engineering, procurement and construction (EPC) services to expand its refinery development in the Hainan Free Trade Zone (FTZ) in South China.
Once completed, the ethylene renovation and expansion project will produce up to one million tonnes of ethylene derivatives and refined oil on an annual basis and is expected to boost economic growth in China’s downstream sector by more than 100 billion yuan (USD14.1 billion). Output from the Hainan FTZ will serve ethylene demand across China and globally.
Ethylene is the main feedstocks for the production of polyethylene (PE).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 241,030 tonnes in January 2021 versus 217,890 tonnes a year earlier. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased.
Sinopec Corp. is one of the largest scale integrated energy and chemical company with upstream, midstream and downstream operations. Its principal business includes: exploring, developing, producing and trading crude oil and natural gas; producing, storing, transporting and distributing and marketing petroleum products, petrochemical products, synthetic fiber, fertilizer and other chemical products. Its refining capacity and ethylene capacity rank No.2 and No.4 globally. Sinopec listed in Hong Kong, New York, London and Shanghai in August 2001.
MRC