Sinopec to Build $3.1 Bln Coal-To-Chemical Plant

Source: Reuters 12/27/2013, Location: Asia

Sinopec Engineering Group said it has entered into a deal to build a $3.1 billion plant in northern China to turn coal into petrochemicals, as China seeks to reduce its reliance on petrochemical imports.

Sinopec Engineering will be responsible for engineering, procurement and construction of the 18.67 billion-yuan project in Inner Mongolia, which it said would be the largest of its kind in the world.

The plant will produce 3.6 million tonnes a year of olefins - mostly ethyelene which is a building block for petrochemicals that are widely used in construction, textiles and automobiles.


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