BEIJING, Aug 31 (Reuters) - PetroChina (601857.SS), Asia's largest oil and gas producer, said on Tuesday its Dushanzi Petrochemical Company has launched an 8.04 billion yuan ($1.24 billion) ethane-fed ethylene project in China's far western region of Xinjiang.
The project is designed to produce 600,000 tonnes of ethylene, 300,000 tonnes of high-density polyethylene and 300,000 tonnes of full-density polyethylene per year.
The project will help reduce dependence on foreign ethylene processing technology, PetroChina said in a statement.
The ethane to be used as feedstock in the project will be separated from natural gas produced from the Tarim oilfield.
Dushanzi Petrochemical now has an annual ethylene capacity of 2 million tonnes. In early August, PetroChina finished trial operation of an 800,000 tonnes-per-annum ethane-to-ethylene plant in Shaanxi province.
($1 = 6.4687 Chinese yuan)
Our Standards: The Thomson Reuters Trust Principles.