New ethylene plant opened in China
On August 13th, Sinopec Wuhan Company's ethylene project with a capacity of 800,000 tonnes per year produced first batch of qualified products, marking its successful commissioning and startup. The project, including 11 greenfield major production units with public utilities and supporting facilities, was built in three years with an total investment of 2 billion euro (16.563 billion yuan). Filling in the gap of large-scale ethylene projects in central China, the project plays an important role in boosting central China's economy, achieving balanced development among different regions, upgrading SINOPEC' industrial structure and enahncing the overall capacity of petrochemical industry. The project will produce 2.3 million tonnes of over 20 kinds of products every year, help to drive the growth of downstream business worth hundreds of billions of yuan, and create over 100,000 new jobs.