February 24, 2023 [Reuters] – China’s Sinopec Corp (600028.SS) said on Wednesday it has completed trial runs at a one million tonnes-per-year ethylene plant in the southern Chinese province of Hainan that will boost exports.

The facility is part of a 28.6 billion-yuan ($4.15 billion) complex built at the site and is the second major petrochemical plant starting this year after a similar-sized facility was announced last week by PetroChina in Guangdong province.

Sinopec is aiming to turn the Hainan complex into an export-oriented producer, with exports of downstream petrochemical products accounting for half its production by the end of 2025, the company said. It also operates a 184,000 barrels per day crude oil refinery at the same site.

Sinopec said it has developed its own ethylene technology with plants capable of handling a wide range of feedstocks, allowing the refiner to process different types of crude oil.

Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data