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Name of Project : 600,000-ton Ethylene Project

¡¡ Construction Site : Lingang Industrial Area, Tanggu

¡¡ Total Investment : 20700million dollar

¡¡ Funding Scheme : Own capital and financing,half for domestic investment and half for foreign investment

¡¡ Category of Trade : Industry

¡¡ Progress Status of the Project : planning stage
¡¡
¡¡Planned time for going to Operation : the year of 2005
¡¡

¡¡ Project Profile:
¡¡The project is jointly invested by Sinopec Group and American Dow Chemical Company. It can solve the shortage on ethylene and chemical raw materials, thus enhance economic development in Tianjin, northern China and Central Plains areas. Foreign capital, technology and management are imported and anti-risk capacity can be promoted. The products are deemed suitable import substitutions. Combined with the development of chloride soda industry, many high-tech and high-value-added petrochemical products can meet the much-needed market.


¡¡ Construction Scale and Content:
¡¡600,000-ton Ethylene Splitting Installation and 13 sets Downstream Processing Equipments

¡¡ Social and Economic Benefit:
¡¡Annual sales income will reach 12.4 billion yuan with the profit of 2.4 billion yuan.
¡¡

¡¡ Construction Unit : Sinopec Tianjin Petrochemical Corporation
¡¡ Person in Contact :
Liang Bing
¡¡ Telephone for Connection : 63804663

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