Tianjin to launch 1mln tpa ethylene & associated project
28 Jun '06
3 min read
The launch of Tianjin one million tpa ethylene and associated facilities project is of great significance for adjusting the structure of China's petro-chemical industry, reinforcing the international competitiveness of China's petrochemical industry, and promoting the economic growth in the Pan-Bohai Sea area.
As competent authorities in Tianjin Municipality and Sinopec Corp. have both remarked, hard efforts shall be made to enable this project to become the most competitive petrochemical player, and contribute heavily into the growth of national economy, by means of following out the creed of scientific development and bring into full play the advantages of all parties.
Sinopec is an integrated energy and chemical company. Sinopec is a super-large petroleum and petrochemical group restructured and established by the State in 1998 on the basis of the former China Petrochemical Corporation. It is a state-owned company invested by the State, functioning as a state-authorized investment institution in which the State holds the controlling share.