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CHINA: Construction plans for proposed $483,000,000 ethylene production capacity expansion...

PROJECT OVERVIEW:

China currently imports about 60% of the petrochemicals it uses. Ethylene, for that matter, is a key building block for petrochemicals. And, the petrochemical market is presently getting stronger.

As a result the local QILU PETROCHEMICAL CORP., a subsidiary of SINOPEC, that presently operates a plant with an installed production capacity of 450,00 tons per year (t/y), is now planning to close down its operations in order to complete at $483,000,000 expansion project. In addition, QILU's upgrade programme is also expected to include incr

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