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Sinopec and SABIC inaugurated new petrochemical complex in Tianjin

January 18/2010
January 18 ( -- Sinopec Corp and Sabic have inaugurated their new petrochemical complex, built at an outlay of US$2.7 bln in Tianjin yesterday. The 50:50 joint venture named Sinopec Sabic Tianjin Petrochemical Co Ltd, has been formed to build and operate the .2 mln tpa of chemical facility that includes a 1 mln ton ethylene cracker and eight downstream units and utilities such as polyethylene, ethylene glycol, polypropylene, butadiene, phenol, and butene-1.        

       MRC Reference

Sabic. The share in the Russian market in 2008:
 PE Ц 0.2%;
 PP - 0.4%;
 PS Ц 0.2%.


Annual sales growth in Russia over the last 5 years:
 PE - 33%;
 PP Ц 62%.

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