Sinopec and SABIC inaugurated new petrochemical complex in Tianjin

18-Jan-10

Sinopec Corp and SABIC have inaugurated their new petrochemical complex, built at an outlay of US$2.7 bln in Tianjin yesterday. The 50:50 joint venture named Sinopec SABIC Tianjin Petrochemical Co Ltd, has been formed to build and operate the .2 mln tpa of chemical facility that includes a 1 mln ton ethylene cracker and eight downstream units and utilities such as polyethylene, ethylene glycol, polypropylene, butadiene, phenol, and butene-1.