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“Sibur and Sinopec set up JV at Amur gas chemical complex”
SIBUR and Sinopec will hold interest in the JV in the amount of 60% and 40%, respectively.Read more
CIS GAS MONETISATION
Russia approves Sinopec's participation in the Amur Gas Chemical Complex
The Amur Gas Chemical Complex, with investments of up to $11 billion, is set to start producing polyethylene and polypropylene in 2024 - 2025.
Sinopec resumes expansion after months-long halt
Sinopec-SK Wuhan Petrochemical Corp resumed work at an expansion project of the firm’s petrochemical facilities after a halt of more than two months due to the coronavirus outbreak.
Chinese polymer manufacturers reduce capacity due to overloaded warehouses
Chinese polyolefin producers are compelled to reduce capacity because the warehouses are overloaded due to temporary blockage of transportation.
Chinese PET produced 87% of Russian granulate imports in 2019
Supplies of Chinese PET granulate to Russia increased by 13% in 2019 and amounted to 87% of imports.