MOSCOW (MRC) -- China's Sinopec Corp announced that it has completed trial runs at a 1-MMtpy ethylene plant in the southern Chinese province of Hainan that will boost exports, said Hydrocarbonprocessing.
The facility is part of a 28.6 B-yuan (USD4.15 B) complex built at the site and is the second major petrochemical plant starting this year after a similar-sized facility was announced last week by PetroChina in Guangdong province.
Sinopec is aiming to turn the Hainan complex into an export-oriented producer, with exports of downstream petrochemical products accounting for half its production by the end of 2025, the company said. It also operates a 184,000 barrels per day crude oil refinery at the same site.
Sinopec said it has developed its own ethylene technology with plants capable of handling a wide range of feedstocks, allowing the refiner to process different types of crude oil.
We remind, Saudi Aramco and China Petroleum and Chemical Corporation (Sinopec) have signed a deal to build a refinery and a petrochemicals plant in China. The 3,20,000 barrels-per-day refinery and 1.5 million tons-per-year petrochemical cracker complex will be in operation by the end of 2025, Aramco said in a statement on Sunday.
Aramco and Sinopec, along with Saudi Basic Industries Corporation (Sabic), have also signed a an agreement to study the feasibility of developing petrochemicals complex to be integrated with an existing refinery in Yanbu, Saudi Arabia.