September 10, 2018 / 10:25 AM / 9 months ago

FACTBOX-China to build new ethylene complexes in petrochemical wave

 (Adds BASF's MOU on Nanjing cracker)
    BEIJING, Oct 29 (Reuters) - German chemical giant BASF said on
Monday it has signed a memorandum of understanding with China's Sinopec Corp
 to build a steam cracker in east China, the second major
investment pledged by the German firm in four months.
    China, the world's top chemicals consumer, is building and planning a total
of 15 ethylene complexes between now and 2023, in the biggest wave of
petrochemical expansions in its history.
    China is allowing greater access by global majors and local independents to
its massive chemicals market to feed plastics, coatings and adhesives to the
fast-growing consumer electronics and automotive sectors, as well as polyesters
for clothing. 
    Below lists the details of projects, according to industry participants and
analysts. Capacity in 1,000 metric tonnes. 

 Company         Location                Ethylene     Estimated
                                         capacity     start-up 
 Sinopec Corp    Zhanjiang ,Guangdong            800          2020
 Sinopec Corp    Ningbo, Zhenhai               1,200          2022
 Sinopec         Gulei, Fujian                 1,000          2022
 Sinopec Corp*   Nanjing, Jiangsu                800     post 2022
 BASF-Sinopec *  Nanjing, Jiangsu              1,000            NA
 Hengli          Dalian, Liaoning              1,500          2019
 Zhejiang        Zhoushan, Zhejiang            1,400          2019
 Exxon Mobil     Huizhou, Guangdong            1,200          2023
 BASF            Zhanjiang ,Guangdong          1,000          2023
 Shenghong       Lianyungang, Jiangsu          1,100     post 2022
 Sinochem        Quanzhou, Fujiang             1,000          2023
 Norinco/Aramco  Panjin, Liaoning              1,000      post2023
 Wanhua          Yantai, Shandong              1,000          2023
 SP Chemicals    Taixing, Jiangsu                650          2022
 SABIC           Fujian                           NA            NA
 TOTAL                                        14,650              
 * It's not immediately clear if the BASF-Sinopec new cracker announced on Monday
would replace the 800,000 tonne-per-year project earlier proposed by Sinopec. 

 (Reporting by Chen Aizhu; Editing by Rashmi Aich)
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