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World News and Views :: Projects

Ethylene Plant Excluded from Sinopec-Sabic China Joint Venture

12:40 PM MST | February 4, 2008 | Chemical Week Editorial Staff

Sinopec and Sabic have signed a heads of agreement (HOA) toward forming a previously announced petrochemical joint venture at Tianjin, China. The 50-50 jv will invest $1.7 billion to build plants with capacity for 600,000 m.t./year of polyethylene (PE) and 400,000 m.t./year of ethylene glycol (EG). However, the jv will not take over a previously announced 1-million m.t./year ethylene project that Sinopec is planning at Tianjin. Sabic had been negotiating since 2004 to participate in the ethylene project, which also includes a refinery upgrade (CW, June 20, 2007...

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