• Thu
  • Dec 25, 2014
  • Updated: 6:24pm

Ethylene

Briefs, December 30, 2012

A privately owned Chinese company is finalising the acquisition of an Australian firm that controls a major iron ore mine in west Africa, a move that would give China a stronger role in setting global iron ore prices, Xinhua said yesterday. 

Sunday, 30 December, 2012, 5:24am

PetroChina to double capacity at ethylene plant

PetroChina, the nation's largest oil and gas producer, has received approval to double the annual capacity of its ethylene plant in Daqing to 1.2 million tonnes, making it the company's second-largest and one of the biggest in East Asia.

8 Jun 2007 - 12:00am

Sinopec cleared for 14.7b yuan plant

China Petroleum & Chemical Corp (Sinopec) has won central government approval to build a 14.7 billion yuan petrochemical project in Wuhan, Hebei province, the first project on such a large scale in central China.

3 Apr 2007 - 12:00am

BASF and Sinopec in US$500m plant boost

German chemical giant BASF says it has struck a deal with China Petroleum & Chemical (Sinopec) to spend US$500 million expanding the capacity of their joint-venture petrochemical plant in Nanjing, helping reduce China's reliance on imports.

11 Jul 2006 - 12:00am

Supply short by 3.3m tonnes

The gap between ethylene supply and demand stands at 3.3 million tonnes last year, creating a mainland shortage despite the fact the country is stepping up efforts to increase production, according to yesterday's China Petrochemical News. It said the country produced 4.3 million tonnes of ethylene last year.

19 Aug 2000 - 12:00am

JCIC abandons purchase move

H share Jilin Chemical Industrial Co (JCIC) has abandoned a plan to acquire from its parent - Jilin Chemical Group - facilities at an ethylene project this year.

General manager Lu Qirong said it had decided not to buy the facilities this year because of the sluggish petrochemical market, profitability and financial position.

21 Aug 1998 - 12:00am

Plant shuts after only 3 months

In one of the most dramatic examples of wasteful investment and lack of planning, an eight billion yuan (about HK$7.44 billion) Guangzhou ethylene plant has closed after only three months of operation.

8 Jul 1998 - 12:00am

Shanghai Petro eyes US deal

Shanghai Petrochemical Co has signed letters of intent with United States firm Philips Petroleum Co to expand into Shanghai's chemical industry, including plans for a benzene ethylene-butarhene polymer plant and expansion of Golden Philips Co.

14 Oct 1997 - 12:00am

Jilin Chemical plans issue

Jilin Chemical Industrial Co will issue 300 million A shares within a year, having secured approval at a special meeting yesterday. The H-share company said the funds raised would be used to finance construction of an ethylene project, which has suffered cost overruns.

5 Aug 1997 - 12:00am

Profits in 38pc leap at Jilin Chemical

Jilin Chemical Industrial Co has kicked off the H-share reporting season with a 38 per cent increase in net profit last year to 744 million yuan (about HK$678.53 million) from 538 million yuan.

The earnings rise will be only 24 per cent if the 1994 figure is restated to 602 million yuan under the revised International Accounting Standards.

26 Mar 1996 - 12:00am

Chlor Alkali edges lower after surge

SHANGHAI Chlor Alkali Chemical's B-share prices fell marginally to close at 27 US cents on the Shanghai Stock Exchange yesterday.

6 Jan 1996 - 12:00am

Jilin to raise US$192m in dual listing

JILIN Chemical Industrial, the first H-share listing this year, plans to raise about US$192 million by issuing shares both in Hong Kong and the United States.

It will issue 893 million shares in the dual listing.

Half will be sold in the US where shares will be listed as depositary receipts, with each equivalent to 100 H shares.

2 May 1995 - 12:00am

Ugly duckling's now market swan

SHANGHAI Petrochemical is now the darling of the stock market in light of its earnings potential, a stark contrast to its flotation almost two years ago which barely managed full subscription.

22 Apr 1995 - 12:00am