Sinopec Shanghai Petrochemical Invests 21.3 Billion Yuan in Transformation and Upgrading
Sinopec Shanghai Petrochemical Company announced that it plans to invest 21.31 billion yuan (2.91 billion U.S. dollars) in operational upgrades, aiming to maintain the company's crude oil processing capacity and implement other operational improvements.
As part of the project, the company will shut down 18 existing refining units and install new units. According to Reuters, these new units are expected to have an annual ethylene refining capacity of 1.2 million tons.
The company expects to complete the main construction phase of the project within three years after obtaining shareholder approval.
Shanghai Petrochemical said the project will improve the company's new material product varieties and production capacity and increase raw material output.
Looking for chemical products? Let suppliers reach out to you!
You May Interested In
Industrial Grade 99.9% High Purity Ethyl Acetate Organic Solvent
$800-850/MT FOB
Industrial Grade 99% Caustic Soda in Flake Pearl and Solid Forms
$350-400/MT FOB
Toluhydroquinone 99.0%Min White to off-white crystalline powder RC00005
$36.5-47.4/KG EXW
2026-07-10
-
Paint & Coating Industry Overview Mar.2025
This issue provides analysis of the European and German coatings markets, as well as the latest monthly reports and price trends of coatings-related chemical raw materials. Support online permanent download.Published in: Mar.2025
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Sinopec and CNAF to Implement Restructuring
-
BASF Partners with Sinopec to Accelerate Application of Biomethane at Nanjing
-
Sinopec and LG Chem Sign Agreement to Jointly Develop Sodium-Ion Battery Materials
-
Sinopec Builds 146 Hydrogen Refueling Stations, Ranking Among the World’s Largest Operators
-
Thirteen Years of Partnership Ends: SK Group Bids Farewell to Sinopec-SK Wuhan Petrochemical
-
Sinopec and Saudi Aramco Launch $10 Billion Joint Venture, Accelerating Gulei Refining and Petrochemical Phase II Project
-
Sinopec Engineering Group Reports 10% Revenue Growth in H1 2025, with Overseas Business Surging 92%
-
Supply and Demand Game, Toluene Market Trend Stabilizes in China
-
Sinopec to Form nearly $4 Billion Joint Venture with Saudi Aramco Subsidiary
-
Saudi Aramco and Sinopec Partner to Advance Expansion of Yanbu Refinery
Recommend Reading
-
BASF's Zhanjiang Integrated Site Reaches Major Milestone: Butyl Acrylate Production Commences Ahead of Schedule, Steam Cracker Completes Mechanical Completion
-
DKSH to Distribute Sunrise Metallic Pigments in Austria, Germany, and Switzerland
-
PPG and Lucid Motors Partner to Advance EV Coating Technology
-
Steel in the Hourglass: Germany’s “Protect-Steel” Proposal and the Green Calculation Behind It
-
BASF Expands Architectural Coatings Dispersion Production Capacity in Turkey
-
Upstream and Downstream Continue to Play a Game; Acrylic Market Remains Stable
-
Business Society: Formic Acid Price Center Moves Lower, Entering a Consolidation Phase
-
Acetic Acid Prices Continue to Rise in Early December
-
Bullish Support, Palm Oil Prices Surge After the Holiday
-
Mainstay Enterprises Reduce Load, PC Prices Rise in Early December in China