Sinopec 12 million tons refinery project is expected to be granted during the ye

Financial crisis brings huge impact on the chemical industry, but the development of Shanghai Chemical Industry Zone, lost confidence. SCIP yesterday, the new objectives of economic work: investment 3.5 billion U.S. dollars this year on sales of 57 billion yuan, achieving double-digit growth, and strive to invest 2.5 billion U.S. dollars of Sinopec's 12 million tons / year oil refinery project approved during the year.
Shanghai Chemical Industry Zone Zhang Yaolun head, this year to highlight the work of good investment, enhance the development of the park staying power. Sinopec to invest 25 billion refinery project approved during the year and strive to start construction as soon as possible. Dow Chemical, Spain Ou Disa, Evonik Degussa and other companies have a clear intention of the project investment or capital increase, will seek to settle down as soon as possible.
Zhang Yaolun revealed that many enterprises are still optimistic about China's investment market, investment in the Shanghai Chemical Industry Zone, lost confidence, remains unchanged. Bayer replenishment of 1.55 billion U.S. dollars last year, the TDI (toluene two different hydrogen acid resin) expansion project has been planned to start construction, is expected to put into operation next year; SECCO years to promote the ethylene expansion project, through technical transformation so that the plant capacity from 90 tons / year to expand to 1.2 million tons / year.

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