PetroChina launches $1.2 bln ethane-to-ethylene project in Xinjiang

1 minute read

A PetroChina petrol station is pictured in Beijing, China, March 21, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Register now for FREE unlimited access to

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.

Register now for FREE unlimited access to

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)

Register now for FREE unlimited access to
Reporting by Muyu Xu and Dominique Patton; Editing by Subhranshu Sahu

Our Standards: The Thomson Reuters Trust Principles.

More from Reuters