China’s ZRCC and Wuhan announce tenders for expansion projects
As part of the project, the company aims to increase its ethylene capacity by 1.2 million tons/year, bringing its overall ethylene production capacity to 2.2 million tons/year. The project also includes an additional 15 million tons/year of refining capacity that will boost the company’s total crude refining capacity to 38 million tons/year.
The company has provided no update on when it will start the construction.
Another tender released on December 25 revealed that Sinopec-SK Wuhan Petrochemical, a joint venture between Sinopec and South Korea’s SK Global Chemical, is planning to boost its ethylene and aromatics capacities.
The company is expected to increase its ethylene capacity to 1.1 million tons/year from the current 800,000 tons/year and boost its aromatics production by 50,000 tons/year to 400,000 tons/year.
The company’s expansion project also includes a new 300,000 tons/year HDPE, a 300,000 tons/year PP and a 60,000 tons/year butadiene extraction plant.
The total investment of the project is estimated at around CNY4.25 billion ($616 million) and it is expected to be completed within 450 days from the start of the construction works.
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