Sinopec plans to restart Tianjin unit, to postpone startup of new crude and ethylene unit

Sinopec has plans to resume production after a 3 month shutdown, at its 110,000 bpd Tianjin refinery in the month of March. After completion of repair work in November, the oil major continued to extend the shutdown, as a result of a supply glut caused by deteriorating demand in the domestic fuel market. However, the start up of a new 200,000 bpd crude oil unit and a 1 mln tpa ethylene unit has been postponed by about 2 months until November. Delay in equipment deliveries from foreign suppliers who have been affected by the global economic meltdown, has caused the postponement.
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