Edit ModuleShow Tags

PetroChina Is Building Ethylene Plant


Published:

The $575 million project is due for completion by September 2006. Lanzhou already operates a 240,000-tpy plant to produce ethylene. When completed, the Lanzhou plant would become PetroChina's third-largest ethylene producer after its units in Daqing and Jilin in the rust belt northeast region. Daqing is expected to boost production capacity to 800,000 tpy and Jilin to 750,000 tpy by 2006.

The investment comes nearly three years after ConocoPhilips shelved a plan to build a 600,000-tpy ethylene plant with PetroChina at the same site.

Edit ModuleShow Tags

Archive »Recent Articles

Altenesol Completes 15-Year LNG Contract

IAHL Corp. announced that its subsidiary, Altenesol LNG Colombia S.A.S., has finalized a 15 year take-or-pay agreement for its first LNG train.

EIA: Report Week Ends With Flat Natural Gas Prices

Natural gas prices were flat at most trading locations between March 11 to March 18 (the report week), according to the Environmental Information Administration (EIA).

EQT Midstream Partners Buys EQT’s Virginia Gas Gathering System

EQT Midstream Partners has entered into an agreement with EQT Corp. to acquire its Northern West Virginia Marcellus Gathering System, along with a preferred interest in an EQT subsidiary, for US$1.05 billion.

Beta’s Leadership Team Adds Two

Beta Machinery Analysis (Beta) announced two additions to its leadership team. The new personnel reflect BETA’s growing business in China and Southeast Asia, and its expanded services in piping vibration and integrity.

Viega Hires New Marketing Director