Shanghai Petrochemical carries out major upgrading

Jul 14, 1997 02:00 AM

June 18, 1997 Shanghai Petrochemical Co. Ltd is carrying out three major technical upgrading programs that will enable the company to become China's biggest producer of ethylene, polypropylene fibre, and acrylic fibre when finished.
According to Wang Jiming, chairman of the board, the company's project of enlarging its current 300, 000-tpy ethylene production equipment into a facility with a production capacity of 400,000 tpy will be finished in 1998. By then, the company's ethylene production capacity will be improved from present 450,000 tpy to 550,000 tpy, accounting for one sixth of the country's total output.
In addition to conducting large-scale technical upgrading, the company has also enlarged its production capacity of hot-selling products and improved technical content of products, in a bid to enhance the company's competitiveness on the market, said Wang. Development of in-depth processing service for the petrochemical industry and refined chemicals will be the focus of the company's technical upgrading, said Wang.
The central Chinese government has listed the petrochemical industry as one of the country's development priorities from 1996 to the year of 2010. Shanghai Municipality has also treated development of in-depth processing service of the petrochemical industry as a new economic powerhouse and has decided to build a new chemical industrial zone around the company.

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