Shanghai SECCO Petrochemical - a BP JV commences operations

24-Mar-05
Shanghai SECCO Petrochemical Co. Ltd, an ethylene joint venture between BP (50% stakeholder), China Petrochemical Group Corp (Sinopec Group, holding 30%) and Sinopec Shanghai Petrochemical Co Ltd (holding 20%) has commenced initial operations at the plant. Full commercial operations are expected to start by the middle of 2005, at the JV based in Shanghai Chemical Industry Park, set up in 2002 at a total investment of USD2.7 billion. The plant has an ethylene production capacity of 900,000 tpa, and will also produce polythene, styrene, polypropylene and other petrochemicals.
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