Sinopec, one of China’s leading state-owned oil and petrochemical companies, has recently entered into an equity agreement with Kazakhstan’s state-owned oil and gas firm, KazMunayGas JSC (KMG), to secure a 30% stake in an upcoming polyethylene project located in Kazakhstan. This significant development was officially confirmed by Sinopec in a statement released on Tuesday. The … Read more
SABIC and SINOPEC announced the commercial operation of a new polycarbonate (PC) plant at their 50-50 joint venture (JV) – SINOPEC SABIC Tianjin Petrochemical Co. Ltd. (SSTPC). Khalid Hashim Al-Dabbagh, SABIC Chairman, and Ma Yongsheng, SINOPEC Chairman attended the ceremony. Established in 2009, SSTPC is a mega-size petrochemical complex that already consists of nine world-scale … Read more
INEOS has completed the formation of a 50/50 joint venture with SINOPEC for the Tianjin Nangang Ethylene Project, announced in December 2022, which is currently under construction by SINOPEC and expected to be on-stream by April 2024. The petrochemical complex includes a 1.2 mtpa cracker, a new 500ktpa High-Density Polyethylene plant to produce INEOS pipe … Read more
China Petroleum & Chemical Corporation has signed a key terms agreement with KazMunayGaz, the national operator of the oil and gas industry of Kazakhstan, for developing a polyethylene project in the Atyrau Region on May 18 in Xi’an, China. The agreement, signed during Kazakh President Kassym-Jomart Tokayev’s visit to China, marks that Sinopec will participate … Read more
Hainan Baling Chemical New Material Co., Ltd., a subsidiary of China Petroleum & Chemical Corporation (Sinopec), has launched production of its styrene-butadiene copolymer (SBC) project in Hainan, China, which will reach an annual production capacity of 170,000 tons. Sinopec now has the largest world’s largest production capacity of SBC plants. Baling New Material and Sinopec … Read more
China Petroleum & Chemical Corporation held launching ceremonies for its first hydrogen demonstration project in the Inner Mongolia Autonomous Region, the Inner Mongolia Erdos Wind-Solar Green Hydrogen Project, on February 16 in Beijing, Hohhot, and Erdos. The Project will utilize the rich solar and wind energy resources in the Erdos region to produce green hydrogen … Read more
INEOS and SINOPEC have completed two of the four significant petrochemical deals announced earlier this year. The two deals are: SECCO joint venture. INEOS has acquired 50% of Shanghai SECCO Petrochemical Company Limited. ABS joint venture. INEOS and SINOPEC have also established a 50:50 joint venture for ABS (Acrylonitrile Butadiene Styrene), based on INEOS’ world … Read more
Saudi Aramco, China Petroleum and Chemical Corporation (Sinopec) and SABIC are exploring collaboration across refining and petrochemical projects in China and Saudi Arabia. Aramco and Sinopec have signed heads of agreement for a greenfield project in Gulei, Fujian Province, which plans to include a 320,000 barrels-per-day refinery and 1.5 million tons-per-year petrochemical cracker complex. It … Read more
INEOS and SINOPEC have announced a new Joint Venture agreement that will see INEOS acquire a 50% share in the existing Tianjin Nangang Ethylene Project from SINOPEC. The project is currently building a 1.2 million tonne ethane cracker, expected to come on-stream at the end of 2023, and downstream derivative plants in Tianjin, China. A … Read more
Cummins Inc. and China Petrochemical Corporation announced the formation of a 50:50 joint venture — Cummins Enze (Guangdong) Hydrogen Technology Co., Ltd. The joint venture will accelerate the affordability and availability of green hydrogen through increased technological innovation, research and development, and manufacturing capacity. Cummins Enze, located in Foshan, Guangdong Province in China, will initially … Read more
SIBUR Holding and China Petroleum & Chemical Corporation (Sinopec) have closed the deal to set up a joint venture (JV) at the Amur Gas Chemical Complex after obtaining all the necessary approvals from the regulators of both countries. SIBUR and Sinopec will hold interest in the JV in the amount of 60% and 40%, respectively. … Read more
Sinopec’s board has approved plans to build a 1.2-million metric tons per annum ethylene plant and downstream units in the Nangang area of the port of Tianjin, China, according to an announcement posted on 4 December. Sinopec estimates the cost of the project at 28.8 billion renminbi ($4.4 billion). Sinopec announced in November that it … Read more
Sibur has begun the construction of the Amur Gas Chemical Complex project, a facility set to become one of the world’s largest and most advanced basic polymer producers, the company said. The Amur GCC project envisages construction of a basic polymer production facility with a total capacity of 2.7 million metric tons per year of … Read more
BASF has acquired land, buildings and assets of SPC (Sinopec Shanghai Petrochemical Company, Ltd., China), related to alkoxylates production, adjoining the BASF Jinshan site, in order to fulfil the growing demand from customers across Asia Pacific, especially China. With the current alkoxylate line in the Care Chemicals Jinshan plant running at full capacity, this acquisition … Read more
Sinopec, China’s state-owned refiner has started its 200,000 bpd (barrel per day) Zhanjiang refinery in the southern province of Guangdong. Operations began on 16th June at the refinery’s crude units and some secondary units, Sinopec said. Situated in coastal city of Zhanjiang, the refinery comprises a 200,000 bpd (barrel per day) crude oil refinery and … Read more
LyondellBasell has signed a Memorandum of Understanding to form a 50:50 joint venture with China Petroleum & Chemical Corporation (Sinopec), one of the largest integrated energy and chemical companies in China. Under the non-binding MoU, the JV will construct a new propylene oxide (PO) and styrene monomer (SM) unit in Zhenhai, Ningbo, China to serve … Read more
SIBUR Holding (SIBUR) and China Petroleum & Chemical Corporation (Sinopec) signed a Memorandum of Understanding to cooperate in nitrile butadiene rubber (NBR) production. The MoU was signed at the meeting between the Russian Prime Minister Dmitry Medvedev and the Premier of the State Council of the People’s Republic of China Li Keqiang in St Petersburg. … Read more
BASF and SINOPEC commenced production at the second propionic acid plant at the Verbund site, BASF-YPC Co., Ltd., a 50-50 joint venture in Nanjing, China. Commercial products are now available for sale to customers in China and the rest of Asia Pacific. The new plant has an annual production capacity of 30,000 metric tons of … Read more