MOSCOW (MRC) -- PetroChina Liaoyang Petrochemical, part of the Chinese petrochemical major - PetroChina, in which CNPC owns 80% of shares, is in plans to start up new high density polyethylene (HDPE)/linear low desnity polyethylene (LLPE) plant in Liaoyang, China, in September, 2021, according to CommoPlast with reference to market sources.
The new plant will have a capacity of 400,000 mt/year of HDPE/LLDPE.
The company also intends to start up a new standalone HDPE plant with the same production capacity at the same site this month.
As MRC reported earlier, PetroChina Liaoyang Petrochemical successfully started up its new polypropylene (PP) plant in late August. Based in Liaoning City, Liaoyang Province, China, the new PP plant has a production capacity of 300,000 tons/year. Tthe construction of a new PP plant in Liaoning began in September, 2019, and was completed in early June, 2021.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,176,860 tonnes in the first half of 2021, up by 5% year on year. Shipments of exclusively low density polyethylene (LDPE) decreased.
PetroChina Company Limited, is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation (CNPC), headquartered in Dongcheng District, Beijing. It is China's biggest oil producer.
MRC