SINOPEC 　　　　　　http://www.sinopec.com/

Sinopec Corp., with 17 leader plants in China located in well-developed markets in North China, South China and East China, is the largest producer and marketer of petrochemicals in China. It produces and markets a great variety of petrochemical products, including intermediates, synthetic resin, fiber-grade monomers and polymers, synthetic fiber, synthetic rubber and chemical fertilizer.
Sinopec Corp. is the largest producer of chemicals in China. Summarized below are the capacity, production and market shares of its major chemical products by the end of 2000.

Sinopec Corp. owns five ethylene plants, with a total capacity of 1.99 mmtpa (million tons per annum), accounting for 45% of the nation's total. In 2000 they produced 2.17 million tons of ethylene, with a load factor of 109.7%. Among the five, ethylene plants at Beijing Yanshan Petrochemical, Shanghai Petrochemical, Qilu Petrochemical and Yangtze Petrochemical are above 400,000 tpa, and the biggest one, the ethylene plant at Shanghai Petrochemical, is 545,000 tpa.

There are 16 synthetic resin producers, with a total capacity of 3.0065 mmtpa. They produce 693 different grades of resins in five categories. In 2000 they produced 3.183 million tons of resins, among which high-grade special products accounted for 40.21%. In the total, polyolefin (PE + PP) capacity accounts for 2.6255 mmtpa. Polyolefin produced by Sinopec Corp. has a 26.2% share in the domestic market.
There are ten producers of fiber raw materials and polymers, with a total plant capacity of 3.7001 mmtpa. In 2000 they produced 3.7945 million tons of fiber raw materials and polymers, accounting for 31.5% of the domestic market, being a market leader in China.
There are nine synthetic fiber producers under Sinopec Corp., the 2000 plant capacity of Dacron (terylene), Nitrilon, nylon 6, vinylon, and polypropylene fiber being 1.083 mmtpa. In 2000 they produced 1.0675 million tons of synthetic fibers in 318 grades, among which 26.6% were special-purpose differential fibers. Sinopec Corp., with the country's largest synthetic fiber production capacity, advanced facilities, strong technical support, and a 14% domestic market share, has the scale advantage and is in a leading position in the domestic market.
The company has three synthetic rubber producers, with a capacity of 422,400 tpa. In 2000 they produced 317,000 tons of synthetic rubber. Their products have a 21% share in the domestic market.
Sinopec Corp. has eight urea plants, with a capacity of 4.36 mmtpa. In 2000 they produced 2.9225 million tons of urea that accounted for 10% of the domestic market.

The Output of Major Chemical Products (as of December 31, 2001)

　　　　　　　　　　　　　　　　2001年　単位： 1000 tpa.

参考　SINOPECとCNPC　　

ゴードン・チャン　「やがて中国の崩壊がはじまる」から

　国内石油業界については、競争の制限にとどまらず、その根絶やしをねらっている。独占こそ成功にいたる道というわけだ。１９９８年なかばまでは、中国石油化工集団公司、通称「シノペック」が、独占的な精油業者だった。いっぽう、中国石油天然ガス集団公司、通称ＣＮＰＣが、石油探査と生産事業を独占していた。この年の７月に大規模な資産交換がおこなわれ、両社それぞれが「上流」から「下流」までの事業を受けもつように再編成された。省の境界線で大きく二つに分け、シノペックには東部と南部が、ＣＮＰＣには北部と西部があてられた。政府の最終目的は、つくりあげたこの二大企業が、いつの日か世界のトップを競えるようになることだ。とはいえ、さしあたってこの計画に競争という文字はない。両社はそれぞれの縄張りで、ほぼ独占状態を保っている。
　放っておくと政府の管理する企業でさえ、資産交換の契約書のインクも乾かないうちに、熾烈な競争に身を投じることがわかった。資産変換時の取決めでは、ＣＮＰＣは余った石油を南部で販売してもよいが、かならずシノペックを通すことと定められていた。ところが、ＣＮＰＣはそこに商機を嗅ぎとった。資産変換が発表されてからわずか１カ月後、ＣＮＰＣは、シノペックの縄張りである江蘇省と上海のガソリンスタンドで低価格のガソリンを売り始めた。シノペックはこれに応戦する形で価格の引き下げをおこない、ＣＮＰＣの縄張りである東北部でガソリンを販売した。
　「破壊的な競争」と名づけられたこの状況に、計画をふいにされた政府はＣＮＰＣとシノペックに競争をやめるよう命じた。両社は中小企業を締めだして事業を拡大してもいいが、たがいを攻撃するのは許されないというわけだ。ところが、喧嘩の相手から離されるなり、ＣＮＰＣはシノペックの縄張りで、とりわけ広東省に重点をおいて小売り事業を再開した。国有企業の競争本能が政府の命令にまさったのだ。
　１９９９年３月、ついに政府はシノペック対ＣＮＰＣの価格戦争を終結させる協定をとりもった。「会議の席では、じつに協力的な雰囲気で、つぎの価格の動きについて話ができた」　ＣＮＰＣのマーケティング担当重役は語った。当然ながら、協定を結んだからといって、この２つの巨人が競争に幕を引くはずもなく、戦いはいまもつづいている。もはや経済担当の役人たちは、世間のだれもが承知していることに気づくべきなのだーーーおよそ野心や私利私欲は、入念に練りあげられた政府の計画を打ち砕くものだと。

(China 2000 Nov.1997) 　　 http://www.china2thou.com/9711p8.htm

Phillips's new projects

Phillips Petroleum Co. has signed letters of intent on three cooperative petrochemical projects with two subsidiaries of China Petrochemical Co. (Sinopec).
The projects include:
An integrated ethylene project to be set up in the western city of Lanzhou;
expansion of a polyethylene project in Shanghai, and a K-resin project to be established also in Shanghai.
Lanzhou Chemical Industry Co. is Phillips's partner in the proposed $2 billion Lanzhou project, which is expected to turn out 600,000 tons of ethylene annually when it is completed. The project, as one of China's six state-planned major ethylene projects for the Ninth Five-Year Plan (1996-2000), is expected to enhance the position of the petrochemical industry as the nation's economic pillar. Chinese President Jiang Zemin, during his meeting with W. W. Allen, chairman of the board of Phillips, said China welcomes U.S. investment in the central and western regions of China.

Chemical Week Apr 10, 2002

Sinopec Subsidiary Gets Go-Ahead

Qilu Petrochemical 斎魯石化(Zibo, China), a subsidiary of Sinopec, has received approval from the State Economic and Trade Commission (Beijing) for its planned Rmb4.7-billion ($563 million) expansion of olefins and derivatives capacity at Zibo. The company says its annual sales will increase by Rmb4.7 billion, to Rmb11.4 billion, after the expansion is completed in 2005. Half of the funding for the project will come from bank loans and the rest from the company’s cash flow, Sinopec says.

The project will increase Qilu’s ethylene capacity 270,000 m.t./year, to 720,000 m.t./year. The company will also increase vinyl chloride monomer capacity 376,000 m.t./year, to 610,000 m.t./year; polyvinyl chloride capacity 370,000 m.t./year, to 600,000 m.t./year; polyethylene capacity 40,000 m.t./year, to 380,000 m.t./year; styrene capacity 60,000 m.t./year, to 120,000 m.t./year; and polypropylene capacity 40,000 m.t./year, to 110,000 m.t./year.

Sinopec says that the debottleneckings are necessary to meet anticipated growth in domestic demand for all petrochemical products. China is facing a petrochemical capacity shortfall of 4.65 million m.t./year in 2005, compared to the current shortfall of 3.9 million m.t./year, despite the fact that several major petrochemical projects are due for completion there during that period, says Sinopec CEO Li Yizhong.

Platts--17Apr2002
BASF on track to expand isocyanate capacity in Asia

BASF is on schedule to expand its isocyanate capacity in Asia through long-term investment, according to a press statement Wednesday. BASF, Huntsman, and their Chinese partners will build and operate an integrated isocyanates manufacturing facility in Caojing, Shanghai with an investment of $1-bil. The project includes a 160,000 mt/yr crude diphenylmethane diisocyanate (MDI) plant including facilities for the precursors aniline and nitrobenzene, an MDI finishing plant, and a 130,000 mt/yr toluene diisocyanate (TDI) unit with nitric acid and dinitrotoluene. BASF plans to expand its isocyanates capacity in Yeochon, Korea, by building a 140,000 mt/yr TDI unit in 2003. It would expand its MDI capacity in Korea by 60,000 mt/yr to 160,000 mt/yr by 2004.

2003/11/11 Huntsman
　
CHINA: CAPACITIES OF INTEGRATED ISOCYANATES PROJECT TO BE OPTIMIZED
　　http://www.huntsman.com/pu/ShowPage.cfm?PageID=4&News_ID=1015

Huntsman, BASF and Chinese partners to optimize capacities of their planned Integrated Isocyanates Project at the Shanghai Chemical Industry Park with:

* Construction to start by end of 2003
* Start-up of plants scheduled for 2006
* Intention to supply Bayer with MDI and TDI

Huntsman, BASF and their Chinese partners - Shanghai Hua Yi (Group) Company, Sinopec Shanghai Gao Qiao Petrochemical Corporation and Shanghai Chloro-Alkali Chemical Co., Ltd. - have received approval from the Chinese authorities to optimize the capacities of their planned Integrated Isocyanates Complex at the Shanghai Chemical Industry Park. The capacity of crude MDI (diphenylmethane diisocyanate) will be increased from 160,000 to 240,000 metric tons per year and the capacity of TDI (toluene diisocyanate) from 130,000 to 160,000 metric tons per year. With this approval, the construction work will commence by the end of the year.

The companies also announced that they intend to supply Bayer with MDI and TDI from the complex. Negotiations about the details of the supply contracts are ongoing.

For the construction of the complex, which will be built and operated through three joint ventures between Huntsman, BASF and their Chinese partners, the joint ventures have awarded the engineering, procurement and construction (EPC) contract for the construction of the manufacturing facility to a consortium of Fluor Corporation, United States; Daelim, South Korea, and CTCI, Taiwan.

Patrick Thomas, President, Huntsman Polyurethanes and Specialties, said: "These milestones underline our commitment to the project and to the China market. China continues to grow as the center of global manufacturing and trade, and we are now on the path to be part of that growth."

The isocyanates, MDI and TDI, are important precursor in the manufacture of polyurethanes (PUR), versatile polymers that are in many applications, like in the footwear sectors on shoe soles; appliance sectors where rigid polyurethane foam is lightweight and has excellent insulation properties, in automotive sectors producing automotive parts that make cars and other vehicles more fuel efficient because of lighter weight and in the construction sector where many buildings could benefit from the use of polyurethane foam as an insulant in roofs, walls and floors.

The total project cost for the complex is about $1 billion. The project is partially being financed through project financing by Chinese banks and is expected to start commercial production in 2006. The Integrated Isocyanates Complex consists of three separate joint ventures:

* Shanghai Lianheng Isocyanate Co., Ltd. A 240,000 metric tons per year crude MDI manufacturing plant including manufacturing facilities for the precursors aniline and nitrobenzene which will be built by Huntsman, BASF, Shanghai Chloro-Alkali Chemical Co., Ltd., Shanghai Hua Yi Company, and Sinopec Shanghai Gao Qiao Petrochemical Corporation.

* Shanghai BASF Polyurethane Co., Ltd. An MDI finishing plant and a 160,000 metric tons per year TDI plant with precursors nitric acid and dinitrotoluene to be built by BASF, Shanghai Hua Yi (Group) Company and Sinopec Shanghai Gao Qiao Petrochemical Corporation.

* Huntsman Polyurethanes Shanghai Ltd. An MDI finishing plant to be built by Huntsman and Shanghai Chloro-Alkali Chemical Co. Ltd.

Note to Editors:

Huntsman background: The combined Huntsman companies constitute the world's largest privately held chemical company. The operating companies manufacture basic products for a variety of global industries including chemicals, plastics, automotive, aviation, footwear, paints and coatings, construction, technology, agriculture, health care, textiles, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging, and later, rapid and integrated growth in petrochemicals, Huntsman-held companies today have more than 15,000 employees, operations in 30 countries and annual revenues of approximately $9 billion.

Asia Chemical Weekly 2003/6/16

Bayer in China MDI/TDI talks with BASF

Bayer is in talks with BASF about participating in the latter's methyl di-p-phenylene isocyanate/toluene di-isocyanate (MDI/TDI) project in Caojing, Shanghai, China.
Both companies are pursuing their MDI/ TDI projects separately in Caojing.
Sources said that both companies are considering co-operating as they anticipate that the Chinese market would not be able to absorb the capacities from two new plants in 2005-06. The limited market had forced BASF and Huntsman Polyurethanes to join forces for just one MDI facility in 1999.

BASF is expected to launch its project before Bayer, as it received final government approval first. A turnkey contractor is expected to be selected next month. Foster Wheeler is conducting front-end engineering design work.

Bayer also plans to start up its project in 2005-06 instead of 2008 as earlier planned, as it received its approval earlier than expected last August, one of the sources said.

Local company Yantai Wanhua Poly-urethanes also expects to start up its MDI project in H1 2006.

The sources said Bayer's recent business restructuring in Germany was another likely reason for the proposed tie-up with BASF.

A Bayer spokesman said its project is still under detailed planning but added that it is due to start up at end-2005 or early 2006. BASF and Huntsman declined to comment.

BASF is expected to seek consent from its partners on Bayer's participation in the project. Changes to the shareholding structure would be made if its entry is confirmed.

The company has set up Shanghai Lianheng Isocyanate Co to operate its 160 000 tonne/year MDI unit, and Shanghai BASF Polyurethane Co its 130 000 tonne/year TDI unit. The shareholders of each unit are different; they include Huntsman, Sinopec, Shanghai Chlor-Alkali Chemical, Shanghai Gaoqiao Petrochemical and Shanghai Hua Yi (Group)Co.

Sources said the project's startup date and capacity would remain the same even with Bayer's participation. But there is potential for adding capacities later.

It is, however, unclear whether Bayer would still pursue its own project if it invests in BASF's project. One source said Bayer may decide to build its own plant later; a stake in BASF's project would give it a foothold in the Chinese market. Another source said Bayer might just scrap its project.

An industry consultant said it might be difficult for the Chinese market to absorb two new plants at the same time, and a staggered timetable would be advisable.

Chemical Week 2002/4/24

Basell, Tecnimont Awarded LDPE Contract in China 黒龍江省大慶

Basell says it has signed a contract with Daqing Petrochemical, a subsidiary of PetroChina, to supply Lupotech T low-density polyethylene (LDPE) technology for a 200,000-m.t./year plant at Daqing, China, announced last year (CW, Nov. 14, 2001, p. 21). Tecnimont has been awarded the engineering contract for the plant, which is due onstream in 2004. Lupotech T technology produces LDPE homopolymers and ethylene-vinyl acetate copolymers. The Daqing unit will be the first of three in China to use the process. BASF and Shell Chemicals, Basell’s parent companies, are separately building Lupotech T plants at Nanjing and Huizhou, respectively. Both units are due online in 2005.

http://www.daqing.com/hg/eng/produ.htm#22

Petrochemical Complex Of Daqing Oilfield Company Limited is a giant integrated comprehensive petrochemical complex, using the crude oil from Daqing oil field as its major raw materials to undertake oil refining, petrochemicals, natural gas chemicals,fine chemicals and inorganic chemicals. At present 36 sets of production plants have been built, the primary processing capacity of the crude oil is 5.5 million tons per year. The Complex can produce high quality "COME ON" series of petrochemical products.

Petrochemical Complex Of Daqing Oilfield Limited Company

Petrochemical Product
1、 LPG
2、 Propylene
3、 Polyacrylamide
4、 Ammonia sulfate
5、 Acrylonitrile
6、 Acetonitrile

吉林化学

Asia Chemical Weekly 2003/6/16

China's Jilin Chem hoping for approval for 300 kt/yr ABS

China's Jilin Chemical Industrial Co (JCIC) hopes to secure government approval this year for a 300 000 tonne/year acrylonitrile butadiene styrene (ABS) project in Jilin, a company source said.

A feasibility study on the project was submitted to the Chinese government last year. Startup is slated for 2005.

JCIC already produces 158 000 tonne/year of ABS in Jilin.

This will be expanded to 180 000 tonne/year at the end of 2003. The company is also due to expand its 200 000 tonne/year polyethylene (PE) plant to 270 000 tonne/year by end-2003.

子会社　吉林石油化学　http://www.jilian.com/eindex.html

Jilian (Jilin) Petrochemicals Ltd.  (JLPL) is a Sino-foreign jv company between Jilin Chemical Industrial Co., Ltd and Hong Kong Millennium group Ltd.
We presently have nine sets of plants for petrochemicals and fine chemicals distributed in three production centers . Our main products are acrylic acid and acrylates, fatty alcohols and their sulfates, ethylene oxide, ethoxylates and their sulfates, ethanolamines and chemical fiber finishes, totally over one hundred kinds. 

Located in north China and founded in Dec 1993, Jilian (Jilin) Petrochemicals Ltd. is one of the largest jv enterprises in China. She was incorporated between Jilin Chemical Industrial Co., Ltd.(65%) and Hong Kong Millennium Group Limited (35%) with a total asset of two thousand million Yuan RMB.
At present, we have nine plants for petrochemicals and specialty chemicals in Jilin, Dalian and Jiaxing.

2002-04-27 Sinopec Shanghai Petrochemical

Successful Commissioning of 700,000 MTA Ethylene Plant

At 9:00am on April 16, 2002, SPC’s ethylene plant, which had just undergone the second round of revamping, started to receive feedstock. After 31 hours of consecutive running, the plants succeeded in producing high quality ethylene product at 4:30pm on April 17, symbolizing the successful commissioning and trial production of China’s largest ethylene plant.

Approved by State Council, the current revamping project of 700,000 MTA Ethylene Plant was listed as one of the first lot of major projects in the nation’s technological innovation plan using discounted state-loan. At the same time, it is one of the SINOPEC’s 3 second-round ethylene plants revamping projects. The first pile was driven on June 18, 2000, the pre-mechanical completion was accepted on December 28 last year. Then after over 3 months’ preparation work, the successful commissioning at initial test run was obtained finally. It took SPC only 22 months to complete the whole project, which leads to advanced level both at home and broad of its kind.

Thanks to this expansion, the capacity is expected to be increased by a large margin: 300,000 tons of ethylene, 121,500 tons of propylene, 49,000 tons of butadiene and 95,000 tons of BTX. Overall technological level of the plant has also been enhanced by reducing 15.6% energy consumption and improving its yield.

---

2002-03-15

4PE Unit of SPC Comes to Testrun Stage

After rechecking all put-in conditions of 250,000 T/Y PE unit of SPC, the raw material propane was safely introduced from Refinery & Chemical Division of SPC to the unit at 15:30 on February 25, 2002 symbolizing the unit had come to the stage of commissioning.

日本経済新聞　2004/2/24

中国の上海石化　エチレン増産へ　能カ６割増　繊維原料も強化

　中国の大手総合化学品メーカー、上海石油化工（ＳＰＣ）は石油化学製品の基礎原料であるエチレンの生産能力を大幅に拡大する。数年後に能力を６割強増やし年１４０万トンとする。原油の精製と繊維原料の生産能力も約６割ずつ増やす意向。今後、日本からの輸出にも影響を及ぼしそうだ。
　ＳＰＣは中国のエチレン最大手。年産能力は日本最大の三菱化学鹿島事業所（８２万８千トン）を上回る８５万トン。昨年は能力を超える９４万８千トンを生産した。２００５年をメドに１００万トンとし、その後１４０万トンに引き上げる考えだ。
　エチレンの原料となる原油の精製能力も年８８０万トンから約６割増やす。２００５年にもプラント１基を停止する一方、８００万トンの新プラントを動かす。既存の６００万トンプラントと併せ、年１４００万トン体制に移行する。
　化合繊原料の生産能力の拡大も急ぐ。ポリエステル繊維などに使う高純度テレフタル酸（ＰＴＡ）の能力を来年にかけて２８万トンから４０万トンに引き上げる。酸化エチレン（ＥＯ）やエチレングリコール（ＥＧ）の増産と併せ、繊維原料の生産能力を約６０万トンから１００万トンとする。「特にＥＧやＰＴＡは国内需要の半分以上を輸入に頼っている」（戎光道総経理）のが現状。国有企業のＳＰＣは輸入代替のため生産を拡張する。
　ＳＰＣは国有の中国石油化工が５４％を出資するが、既に上海、香港、ニューヨークの３市場に株式を上場している。

Platts 2002/6/10
China Xiang Lu to start-up phase 1 of PTA project by October

China's Xiang Lu Petrochemical plans to bring onstream the first phase of its purified terephthalic acid project at Xiamen by October this year, a source close to the company said Monday. In the first stage, Xiang Lu will commission a 450,000 mt/yr PTA line. By January 2003, the company hopes to commission the second phase of the project by bringing onstream another 450,000 mt/yr PTA plant. Most of its paraxylene feedstock requirement would be imported, partly from Japan, Korea and Malaysia. It may import some spot PX early next year, depending on the operating rates of its PTA plant. Xiang Lu Petrochemical is partly owned by Xiang Lu Fibers, which owns a polyester polymerization plant.
Xiang Lu plans to commission a 180,000 mt/yr polyethylene terephthalate bottle chip plant late 2003 at Xiamen, a company source said. Currently, the company has a polyester staple fiber and filament yarn plant each with a 160,000 mt/yr capacity. Once the PET bottle chip plant starts-up, Xiang Lu would consume about half of its PTA capacity captively, while the rest would be sold domestically.

2002/8/20

DSM starts joint venture to expand caprolactam business in China

DSM (the Netherlands) and Sinopec (People’s Republic of China) have signed a founding agreement to start the joint venture DSM Nanjing Chemical Company (DNCC). DSM Fibre Intermediates will participate 60% in this joint venture whereas Sinopec Nanjing Chemical Industries Co. Ltd. will represent the other 40% of the shares.

“The joint venture will give DSM a manufacturing presence for caprolactam in the fast growing Chinese and Asian markets,” says Dick Venderbos, President of DSM Fibre Intermediates.

Next to the focus in its Vision 2005 strategy towards specialties in life science products and performance materials, DSM also wishes to maintain its present global leadership positions in caprolactam and melamine. “The move to China confirms our belief that this market is the fastest developing caprolactam market in the world in which we will position ourselves excellently for future growth," according to Dick Venderbos.

DSM Nanjing Chemical Company
The agreement on founding the joint venture involves an initial investment from DSM of approximately USD 30 million for its 60% share. The DNCC plant has a current capacity of 60,000 metric tons caprolactam based on DSM’s HPO technology and started production in 1993. DNCC will purchase a license on the most advanced HPOplus® technology from DSM. This technology will enable the joint venture to expand production to 140,000 TPA in the years to come.

Caprolactam market
Worldwide caprolactam demand is expected to grow at a rate of about 3% on average. Total consumption worldwide was about 3.5 million tonnes in 2001. Asia is the largest market for caprolactam and is a major importer. China is a large consumer of caprolactam (460,000 tons in 2001) and with a growth rate of about 7% also the fastest growing market.

The move to China will allow DSM to supply the fast growing Chinese market from local production while continuing to supply other Asian customers and regional alliances from existing production. Ultimately, this will give DSM more attractive supply logistics for its customers in all regions.

Caprolactam is almost exclusively used as a raw material for the production of Nylon-6 (also called polyamide-6) fibres and plastics. Nylon-6 is a versatile material that is used in textiles, carpets and industrial (tyre cord, ropes, nets) yarns and as an engineering plastic in e.g. the electrics & electronics and automotive industries. Nylon is the second largest synthetic fibre (13% of total market) and the largest engineering plastic resin (37%) worldwide.

DSM
DSM is active worldwide in life science products, performance materials and industrial chemicals. The group has annual sales of close to EUR 6 billion and employs about 20,000 people at more than 200 sites across the world. DSM ranks among the global leaders in many of its fields. The company’s strategic aim is to grow its sales - partly through acquisitions - to a level of approx. EUR 10 billion by 2005. By that time at least 80% of sales should be generated by specialties, i.e. advanced chemical and biotechnological products for the life science industry and performance materials. This strategy represents a continuation of the company’s ongoing transformation and concentration on global leadership positions in high-added-value activities characterized by high growth and more stable profit levels.

DSM Fibre Intermediates
DSM Fibre Intermediates produces raw materials for synthetic fibres and plastics. Its most important product is caprolactam, the raw material for Nylon-6. DSM Fibre Intermediates has caprolactam plants in the Netherlands and the USA, with a total capacity of 500,000 TPA. Its share of the global caprolactam market and its leading technology position make it the world’s largest merchant supplier of caprolactam.

Sinopec
Sinopec is an integrated energy and chemical company with oil exploration, oil refinery, chemical production and sales of its products. The group has annual sales around RMB 300 billion (EUR 36 billion) and employs about 440,000 people. Sinopec is a state owned company and its business is in a leading position in China. It has also significant influence to the international petrochemical industry. In terms of turnover, it is positioned 86 among the world’s 500 largest companies. After entering into WTO, Sinopec will further join the world economic structure and face new development opportunities. It will concentrate on its core business and improve the quality of its assets. It will enhance technical development and advanced management including strict financial control. It will become a world-class competitive enterprise.

Sinopec Nanjing Chemical Industries is manufacturer of caprolactam, fertilizers, catalysts, soda ash and machinery for the chemical industry. The caprolactam business is organized in the Nanjing Oriental Chemical Industry unit, which was founded in 1988 with Sinopec Nanjing Chemical Industries as its main shareholder. Nanjing Oriental takes a 38% share of Chinese caprolactam capacity. The company has produced caprolactam since 1993 on the basis of DSM/Stamicarbon’s HPO technology.

2002/12/23 Financial Times

Sinochem inks trade deal with Taiwan's Formosa Plastics

China's State oil trader Sinochem said on December 18 it has signed the first formal oil trade deal with a Taiwanese refiner. Sinochem signed the deal with Taiwan's private refiner and petrochemicals giant Formosa Plastics Corp to formalize existing oil trade between the two companies from next year. Under the deal, Sinochem plans to start processing crude oil at Formosa's refineries next year, and furthering development of the companies trade in crude, refined oil products and petrochemicals.

化学工業日報　2003/1/9

ＳＡＢＩＣ、中国進出　盤錦のエチレン計画参画

ＳＡＢＩＣ(サウジ基礎産業公社)が欧州に続いてアジアに乗り出す。関係筋によると、同社はこのほどＣＮＰＣ（中国石油天然ガス集団公司）系の盤錦エチレン工業公司(遼寧省)を中心とするエチレン増設・誘導品計画に参加するもようだ。同計画は総額５０億ドルに上るプロジェクトで、２００６年の完成が予定されている。同社は昨年、蘭ＤＳＭの石化事業を買収、欧州で生産体制を手にしたが、これに続いてアジア市場、とくに中国展開に名乗りを上げたことになる。
　盤錦エチレンは、現在年産１８万トンのエチレンを筆頭に、低密度ポリエチレン(ＬＤＰＥ)１３．５万トン、直鎖状低密度ポリエチレン(Ｌ−ＬＤＰＥ）同６万トン、高密度ポリエチレン(ＨＤＰＥ）７万トン、ポリプロピレン（ＰＰ）１．４万トンの生産能力を有する。
　今回の計画では、エチレンを４０万トン規模に拡大するとともに、ポリエチレン増強や塩化ビニル樹脂(ＰＶＣ）を新設するとみられ、今年中に工事に着手、２００６年までに操業開始する予定となっている。総額５０億ドルに上る投資は、外資によるものではシェルが昨年決定した南海の計画を上回る中国投資最大の案件となりそうだ。
　ＳＡＢＩＣは昨年春にＤＳＭの石化事業買収を発表、ポリエチレンで世界３位、ＰＰで同４位の規模を誇る大手メーカーとなった。アジア展開についても、これまでは製品輸出にとどまっていたが、中国に拠点を構えることでアジアでの覇権獲得に向けた第一歩を踏み出したことになる。

2004-2-6 Asia Chemical Weekly

Sabic favours northeastern China for its potential cracker investments

Sabic favours northeastern China for its potential cracker investments, a source close to the company said.

Besides Panjin in Liaoning province (遼寧省盤錦) as a possible location for its cracker investments, the Saudi Arabian major is considering alternative investments in other cities such as Shenyang and Dalian (瀋陽、大連), which are also in Liaoning.

It was reported last September that Sabic was conducting due diligence on a proposed cracker expansion project in Panjin, but it was not known then that the company was also considering Shenyang and Dalian.

The source revealed that Sabic's vice-chairman and chief executive officer Mohamed Al Mady visited Beijing and Liaoning in late December. Al Mady held meetings with China's vice-premier Wu Yi and Liaoning's governor.

The visit was a step forward for Sabic's first investment in China, the source said.

The source said Sabic was not likely to be keen on investing in eastern or southern China as a few majors had already started construction work on their cracker projects in Nanjing, Shanghai and Guangdong.

Liaoning was also being considered because of its pro-investment policies, the source added, and Sabic was likely to make a decision this year on its project in China, he said.

Sabic said earlier its due diligence on the Panjin project would be completed by mid-2004.

2003/1/29 ATOFINA

ATOFINA acquires a Polystyrene Plant in China

ATOFINA signed an agreement with China Offshore Oil Sanshui Chemical Industry on 26th January 2003 for the acquisition of its Polystyrene plant.

The 100,000 tons per year plant is located in Sanshui, Guangdong Province, in China.

This acquisition will enable ATOFINA to strengthen its Polystyrene business in Asia, where it already operates a Polystyrene plant in Singapore (* 70,000 tonnes), as well as two compounding plants, in Thailand and in Singapore. The new facility will also allow ATOFINA to expand its sales to its customers in China.

The TOTALFINAELF Group has been present in China for over 30 years, particularly through its Chemicals branch. For ATOFINA, already well established in the region in Specialty Chemicals and Intermediates, this acquisition secures an opportunity to gain a foothold in the country's Petrochemicals sector.

The chemical activities in China are based on 14 production sites, with a turnover (local production and imports) of US$400 million p.a., creating over 2,000 jobs.

ATOFINA is the world's 3rd largest Polystyrene producer with a total capacity of 1.4 million tons per year, and 4th largest styrene producer with a total capacity of 1.2 million tons per year.

Polystyrene is a plastic used in various applications, including electronic consumer market (TV cabinets, Audio material, printers), packaging (food trays, cups) and toys manufacturing.

　　　2003/8　Atofina defers China, Singapore PS expansions to 2006

March 14, 2003 Dow Jones

PetroChina To Build CNY4.4 Billion Ethylene Cracker In Gansu （甘粛省蘭州）

PetroChina Co., China's largest oil company, will build a major ethylene cracker in the northwestern Gansu province later this year, a company official said Thursday.

The cracker, with a capacity of 300,000 metric tons a year, will cost 4.4 billion yuan ($1=CNY8.28) to build, the official said.

Construction of the cracker, in Lanzhou city, will start some time after the company completes the expansion of an existing cracker at its unit Lanzhou Petrochemical Corp. in the same city, he said. That expansion, to a capacity of 240,000 tons from 160,000 tons, is expected to be completed in May. (see below)

The new cracker is part of PetroChina's plan to make Lanzhou a petrochemical base by 2005.

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2003/7/30 Financial Times

Ethylene expansion completed.

On 13 Jun 2003 PetroChina Lanzhou Petrochemical Co Ltd's 240,000 tonnes/y ethylene unit carried out successful wet commissioning. Ethylene capacity has been expanded from 165,000 tonnes/y to 240,000 tonnes/y.

Apr 04, 2003 Chemical Week

Basell Signs PP Multilicense Deal with PetroChina

Basell says it has signed an agreement with PetroChina to license Basell's Spheripol polypropylene (PP) technology to plants planned by three separate PetroChina subsidiaries. Basell will supply technology for 300,000-m.t./year PP units planned by Daqing (大慶) Petrochemical and Lanzhou (蘭州) Petrochemical, and for a 200,000-m.t./year unit planned by Dalian(大連) Petrochemical. Tecnimont has been appointed engineering contractor for all three projects. Basell agreed to supply its Lupotech T process last year to Daqing Petrochemical for a 200,000-m.t./year low-density polyethylene plant.

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April 17, 2003 Financial Times

Dalian Petrochemical to Build 200,000-ton Polypropylene Plant

Recently China National Petroleum Corporation (CNPC) Dalian Branch signed technology agreements with Royal Dutch/Shell Group, Italy Basel and Technimont. CNPC Dalian plans to introduce world-leading techniques and finery modes and establish polypropylene plants with annul output of 200,000 tons.

According to the agreements, Royal Dutch/Shell Group will provide techniques which can consolidate the seven newly-built plants into one. At the same time, Basel and Technimont will provide patent technologies and technique designs to CNPC Dalian Branch. The polypropylene plants are the supporting project of the 20-million-ton crude oil processing base of CNPC Dalian Branch. The project will be completed two years later.

CNPC Dalian Branch aspires to lift its crude oil processing ability to 20 million tons annually by 2005. On the occasion, Dalian will be the largest crude oil processing base in China and will be able to handle crude oil deep refining.

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July 28, 2003 Financial Times

Daqing Petrochemical to Build PP Project 　　　　大慶

Daqing Petrochemical Company is going to build the 300,000-ton PP equipment project in May 2004, which is scheduled to be put into use by the end of 2005.

China National Petroleum Corporation, the parent company of Daqing Petrochemical Company, decides to choose equipment and technologies of Basell.

In addition, Basell will provide technology supports and equipment for the 300,000-ton PP and 200,000-ton PP projects in Dalian and Lanzhou respectively. (Liu)

　

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《China Chemical Week》Headlines (2003/10/17)

Daqing PP breaks ground　(大慶)
　　http://www.sinocheminfo.com/topnews/w200310171010.htm

A foundation stone laying ceremony was held for Daqing Refinery's 300,000t/a PP project on October 7.

The project got the green light of the State Council on September 27, 2002, with an approved investment of RMB1.416bn in total. It is predicted that the installation of the project will be completed in late 2004 and the project will come onstream in 2005. The foundation stone laying of the 300,000t/a PP project indicates that Daqing Refinery has made a solid step towards building a world-class PP production base.

CCW learned that the project will adopt Basell's double-loop PP process, and the process and basic design will be undertaken by an Italian professional engineering company and the working drawing design undertaken by Beijing Huanqiu Chemical Engineering. When it comes onstream, the project can produce 103 specifications of homogenerous polymers, random copolymers and impact polymers, and realize yearly sales revenues of RMB2bn and average annual after-tax profits of RMB300m. By then, Daqing Refining and Chemical Subsidiary will basically realize the integration of refining and chemicals, adjust and optimize its product mix, therefore, playing an active role in pushing the development of the plastic processing industry in Daqing and neighbouring regions.

2003/4/10　Platts

Shantou Ocean plans refinery, petchem complex in S China

Shantou Ocean Enterprise Group is planning to build a Yuan 30.4- bil ($3.67-bil) refinery and petrochemical complex in the southern Chinese Shantou city, Guangdong province（広東省 汕頭）, SOE deputy general manager Zhang Yasheng said Thursday.
Under planning is a 6.5-mil mt/yr (126,000 b/d) vacuum crude distillation unit and petrochemical facilities that support the production of 600,000mt/year of ethylene, 400,000mt/year of propylene, 200,000mt/year of butane, aromatics and oil products, Zhang said. "The Shantou municipal government and the Guangdong provincial government are very supportive of our plan. Once we finish detail planning of the project, we will seek approval from the central government within this year," the SOE deputy general manager said.

SOE's preliminary plan is to start building the refining facilities this year, with the project's Yuan 16.4-bil upstream section to come on stream in 2007, Zhang said, while works on the Yuan 14-bil downstream petrochemical facilities would span from 2008-2012. According to the SOE official, a major foreign oil company will take up 50% equity interest of the entire refining and petrochemical project. The remaining 50% shareholding will be split among several Chinese companies, among which SOE will be the largest stakeholder, he said. Zhang declined to disclose the names of the foreign and Chinese investors in the project, adding that all parties involved are negotiating on the details of a project cooperation agreement targeted to be signed in the second half of 2003.

2003/4/15 Financial Times

Guangzhou (広州) Raise Ethylene Productivity

Guangzhou Petrochemical Corporation revealed on April 10th that the project for rebuilding and expanding ethylene production line in Guangzhou had been completed. The annual productive capacity of ethylene will be raised from the past 150,000 tons to the present 200,000 tons.

The total investment in the project was RMB 350 million. The annual productive capacity of polyethylene will be raised from the past 100,000 tons to the present 200,000 tons, and polypropylene from 70,000 tons to 100,000 tons.

2003-9-10 Asian Chemical Weekly

Chinese companies ally to build 600 kt/yr PTA in Ningbo

Two privately-owned Chinese companies have agreed to form a joint venture to build a 500-600 000 tonne/year purified terephthalic acid (PTA) plant in Ningbo, Zhejiang, China. 浙江省寧波

Zhejiang Rongsheng Chemical Fibre and Zhejiang Hengyi Group, both of them based in Hangzhou（杭州）, had earlier separately announced their intentions to build a major PTA plant in Ningbo. Now they have decided to become partners to ensure the project gets off the ground.

A Rongsheng source said that a joint venture would lend financial muscle and credibility to the project, as well as spreading the investment risks. He said that ICI is most likely to provide the technology licence, and also supervise engineering work, procurement and the commissioning of the plant.

The joint venture, Hengsheng Chemical, plans to build the plant in the Ningbo Economic & Technical Development Zone (NETDZ).

The Zhejiang provincial government has already approved the joint project and the partners have sought approval from the Beijing government.

Although the project has not yet been approved by Beijing, both companies believe central government approval will nor be hard to gain. Preparatory work on the project is already under way.

Sources from both companies said they aimed to bring the project onstream as soon as possible -- probably in 2005.

「人民網日本語版」2004年4月30日

マクロ経済抑制は一定期間を経て効果　温総理　

温家宝総理は5月2日から12日までドイツ、ベルギー、欧州連合（EU）本部、イタリア、英国、アイルランドを公式訪問する。訪問を前に温総理は4月27、28の両日、北京・中南海で、ドイツ「ウェルト」紙、イタリア「コリエレ・デラ・セラ」紙、ロイター通信、アイルランド「アイリッシュ・タイムズ」紙のインタビューに応じた。主な内容は次のとおり。

ロイター通信：中国経済は周囲が息を呑むような速度で発展している。しかし多くのアナリストやウォッチャーが発表している意見や見方では、中国経済は多くの分野で過熱の兆しがあると考えている。こうした分析をどう見ているか。経済過熱を抑制するどんな措置を準備しているのか。

温総理：中国の経済情勢は全体的には良い。しかし経済運営において確かに際立つ矛盾と問題が存在している。主に（１）固定資産投資の成長が加速して、建設規模が過大なこと（２）石炭、電気、石油の供給不足（３）通貨発行量と貸付残高の成長の加速（４）インフレ圧力の増大、特に製造資材価格の上昇が加速していること――が挙げられる。これらの矛盾と問題に対して、われわれは解決に向けて次の措置を採用している。

われわれは銀行の預金準備率をすでに2度上げている。また土地の管理規定を強化する規定を発表する。一部の産業投資プロジェクトで企業側の自己資金率を高める。全体的な見方としては、マクロコントロールは思い切りよく決断し、また適時かつ適度に行い、個別の状況に合わせて対応するべきだ。われわれはこれらの措置が一定の期間を経て効果を現し、経済発展が安定的で比較的に早い速度を維持し、急な起伏を避けられると信じている。中国経済に存在する問題にはもともと構造の問題と体制の問題がある。そのために投資体制の改革、金融の改革も含め、改革を揺るぎなく進めたい。マクロコントロールは依然として難しいが、しかしわれわれには自信がある。