Thai group set to invest in Chinese petchem complex
A $5-billion refinery and petrochemical complex is planned by Thailand's Charoen Pokphand (Bangkok) at the seaport of Nimpoh, near Shanghai. The company has discussed the project with the central government of China, and state oil and petrochemicals company Sinopec (Beijing) is due to complete a feasibility study within the next two months. Charoen's plastics processing subsidiary, Kuo Shen (Hong Kong), is expected to hold 70% in the venture, Sinopec 20%, and the Chinese government the remaining 10%. Western companies have been invited to participate. Solvay (Brussels), a 49% partner with Charoen Pokphand in the Vinythai polyvinyl chloride (PVC) joint venture at Map Ta Pud, Thailand, has not yet made a commitment. The 5-million m.t./year oil refinery would feed the complex, which will be based on a 450,000-m.t./year ethylene plant, downstream aromatics units, and a range of derivatives plants. The complex, which falls outside the many announced for Thailand's current five-year economic plan, is expcted to be implemented in stages. To begin with, a 120,000-m.t./year PVC plant will be built that will be fed on imported vinyl chloride monomer. Charoen is in discussions with process licensers, including Solvay, European Vinyl Corp., BFGoodrich, and Shinetsu. Half the PVC output will be consumed by Kuo Shen in China, where Charoen has several plastics processing units, including one in Shanghai and one in Nimpoh. Meanwhile, Sinopec's Hong Kong subsidiary is seeking partners to invest in joint venture projects in China. Sinopec president Liu Xuemin says the company is willing to cooperate with overseas companies to establish small petrochemical projects. In addition, Sinopec is negotiating with officials of Dayang in Jiangsu province and the special economic zone of Shen Zhen, near Hong Kong, on joint ventures for plastics and food additives.
- OSTI ID:
- 7085883
- Journal Information:
- Chemical Week; (United States), Vol. 152:1; ISSN 0009-272X
- Country of Publication:
- United States
- Language:
- English
Similar Records
Neste plans three projects
Shell outlines China jv plans
Related Subjects
POLICY AND ECONOMY
ETHYLENE
PRODUCTION
PVC
CHINA
PETROCHEMICAL PLANTS
PETROCHEMICALS
ALKENES
ASIA
CHEMICAL PLANTS
CHLORINATED ALIPHATIC HYDROCARBONS
HALOGENATED ALIPHATIC HYDROCARBONS
HYDROCARBONS
INDUSTRIAL PLANTS
ORGANIC CHLORINE COMPOUNDS
ORGANIC COMPOUNDS
ORGANIC HALOGEN COMPOUNDS
ORGANIC POLYMERS
PETROLEUM PRODUCTS
POLYMERS
POLYVINYLS
294002* - Energy Planning & Policy- Petroleum