PetroChina Co.- China's largest oil producer and second largest refiner, has embarked upon expansion of an ethylene plant in northeastern China's Daqing city. The total investment outlay is estimated at RMB 14 bln (US$1.9 bln), and will be utilized towards doubling of current output to 1.2 mln tons. Five supporting facilities will be also added in line with the expansion approval received from the Chinese government in June last year.
PetroChina plans to boost its annual production capacity of ethylene to 7 mln tons by 2010 from last year's 2.63 mln tons. This will be achieved with the launching of six ethylene projects by the company in Daqing, Jilin, Fushun in the northeast, Lanzhou and Dushanzi in the northwest, and in Sichuan in the southwest, by 2010.