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Shanghai Petrochemical to produce 950,000 tonnes of ethylene in 2010

April 01/2010

April 1 (yarnsandfibers) -- Sinopec Shanghai Petrochemical Company Limited, said Tuesday that its ethylene output is to reach 950,000 tonnes in 2010, but the company did not give details of its ethylene production in 2009.

 

The company said its capital expenses would touch 2 billion yuan in 2010, compared with 2.1 billion yuan in 2009. Shanghai Petrochemical announced its 2009 annual report during the weekend that its net profit hit 1.591 billion yuan in the past year, down 74.5 percent year on year according to international accounting standards.

 

The company's crude oil throughput reached 8.758 million tonnes in 2009, down 5.20 percent over the previous year, while product oil (gasoline, diesel and kerosene) output declined 11.16 percent year on year. Shanghai Petrochemical is a flagship petrochemical muscle of Sinopec, China's largest oil refiner.

 

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Shanghai Petrochemical to produce 950,000 tonnes of ethylene in 2010

 

 

 

 

 


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