Sinopec is currently discussing plans for a major project with the country’s Economic Development Board. Sinopec would like to construct a refinery and petrochemical complex on Jurong Island. Sinopec has already been given permission to construct a lubricant plant on the site.
Sinopec has also managed to reorganise the construction of an ethylene project in Wuhan City. The 800 000 tpy facility will be completed by the end of 2012. The complex has been delayed by a year and is now expected to be online by the start of 2013.
Sasol has been granted approval for the construction of an ethylene purification unit at the Sasol Polymers plant, Sasolburg, South Africa. The facility is expected to cost approximately R 1.9 billion. The unit will be onstream by 2013 and will be processing at full capacity, 48 000 tpy, by 2015.
Reliance Industries Limited and Gail Ltd. have signed a Memorandum of Understanding for cooperation in developing their petrochemical sectors. Under the agreement the two companies will explore opportunities to set up petrochemical facilities in countries outside India that have a plentiful feedstock.
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