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Home | News |Sinopec, Taiwan firm start building China petchem complex
Sinopec, Taiwan firm start building China petchem complex
Updated: 2015-12-22 15:30 Source: Market Report Company share:

China's state-run energy giant Sinopec and a Taiwanese firm started construction this week on a petrochemical plant in Fujian province, said Reuters.

Taiwanese firm Dynamic Ever Investments Ltd has partnered with Fujian Petrochemical Company Limited (FPCL), which is 50-percent owned by Sinopec Corp, to build the facility, the China Petrochemical News said.

The plant, located on the Gulei peninsula in Zhangzhou, Fujian province, will process up to 1 million tonnes of ethylene when completed, the paper said.

The site will includes 16 chemical units and a dock and is expected to be partially completed by 2018, the paper said. Sinopec did not immediately respond to a request for comment. Contact information for Dynamic Ever Investments - a joint venture of seven Taiwanese companies - was not immediately available.

Ethylene, a key building block for synthetic rubber, plastics and chemical fibre, can be processed from refined oil products such as naphtha and liquefied petroleum gas.

In October, MRC reported that Sinopec was in advanced talks on taking a controlling stake Taiwanese-owned petrochemical firm Dragon Aromatics, which operates one of the country's biggest chemical plants, also located on the Gulei peninsula.

The paraxylene (PX) refiner suffered two major fires in less than two years at the USD3 billion plant.

Also nearby in the same province, Sinopec operates a 240,000 barrels-per-day oil refinery and a 1 million tonne-per-year ethylene complex.

Dragon Aromatics, owned by Xianglu Group, a Taiwanese petrochemical group, is one of the largest independently-run PX producers in China.


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