SINOPEC and SABIC hold groundbreaking ceremony for large-scale petrochem project in Tianjin

On 3 April, 2012, Sinopec SABIC Tianjin Petrochemical Company (SSTPC) laid the foundation for a polycarbonate production complex with 260 kilo metric tonnes per annum capacity, at a ground-breaking ceremony in the Tianjin Binhai New Area. Previously, China Petroleum & Chemical Corporation (Sinopec) and Saudi Basic Industries Corporation (SABIC) had cooperated on an ethylene production project with acapacity of one million metric tonnes per annum.

The ceremony was officiated by His Highness Prince Saud bin Abdullah bin Thenayan Al-Saud, Chairman of Royal Commission Jubail and Yanbu, and Chairman of SABIC; Zhang Gaoli, Member of the Political Bureau of the CPC Central Committee, Tianjin Party Secretary; Huang Xingguo, Tianjin Deputy Party Secretary, Tianjin Mayor; Mohamed Al-Mady, SABIC Vice Chairman and CEO;  He Lifeng, Tianjin Deputy Party Secretary, Secretary of Binhai New Area; Yang Dongliang, Member of Tianjin Municipal Standing Committee, Tianjin Executive Vice Mayor; Fu Chengyu, Chairman of Sinopec; Wang Tianpu, Vice Chairman and President of Sinopec; Dai Houliang, Senior Vice President of Sinopec.

Incepted in October 2009, SSTPC is a joint venture with SINOPEC and SABIC each holding 50 percent equity. The Phase One project, with annual capacity of one million metric tonnes of ethylene, has begun production since January 2010. With a total investment of RMB11 billion (USD 1.7 billion) and covering a ground area of 67 hectares, this polycarbonate production complex with an annual capacity of 260,000 metric tonnes is the Phase Two project and was approved by China’s National Development and Reform Commission (NDRC) on 13 January 2012.  With two sets of phosgene free production systems, with an annual capacity of 130 kilo metric tonnes each, to be built, the new polycarbonate production complex will start construction on 3 April 2012 and is expected to be operational in 2015. Upon operation, it can produce four major classes of polycarbonate, including the mixed grade, extrusion grade, optical grade, and molding grade polycarbonate. The project uses the world's leading non-phosgene polycarbonate manufacturing technology, which complies with China’s national energy saving and carbon emission policy. With the advanced equipment, the products are designed to be high tech and high value-added which can be used for a wide range of applications. Hence, it will play an important role in promoting the development of Tianjin petrochemical industry and drive the economic growth in the Bohai rim region, which can effectively meet the market demand of petrochemicals in Asia-Pacific.

The project strengthens the cooperation between China and Saudi Arabia, and accelerates the development of Binhai New Area and is strategically important for the construction of state-level petrochemical industry base. It is also seen as an important move for Sinopec in adjusting its product mix, to elevate its target product market, and to facilitate change towards economic developments. The construction of the complex will further enhance the competitiveness and lead China’s way in the petrochemical sector. 

Prince Saud remarked: “Today’s ground-breaking ceremony is an important milestone for SABIC. It marks another collaboration we have with Sinopec, and our closer connection with the Chinese people.  SABIC and Sinopec have shared ambitions of establishing long-term strategic partnership that contributes towards enriching the economies of Saudi Arabia and China in the areas of scientific research, technology, reform and product marketing.”

Demand growth for polycarbonate is the fastest among the top five engineering plastics. Polycarbonate has high purity and transparency properties. With its excellent overall performance, it is widely used in automotive parts, home appliances,Ropa y zapatillas de running para mujer