China is expected to become the second largest eth

China is expected to become the world's second largest producer of ethylene

at present, many multinational companies are optimistic about the expanding business opportunities in China's ethylene market, and have participated in the large-scale operation of China's ethylene industry. At this stage, five multinational companies are typical representatives, namely BASF, BP Jinan gold testing machine to ensure quality, shell, ExxonMobil pig iron market prices continue to stabilize, and Dow Chemical Company. They have set up six large-scale ethylene joint ventures in China. Except ExxonMobil, which has set up two; BASF and Yangzi Petrochemical (BASF/Yangzi Petrochemical/SINOPEC each holding 50/12.5/37.5 shares) participated in the construction of the 600000 ton/year ethylene project of Yangba integration, which is scheduled to be put into operation in; BP and Shanghai Petrochemical (bp/Sinopec/Shanghai Petrochemical each holding 50/30/20 shares) participated in the construction of the 900000 ton/year ethylene project of Secco Petrochemical, which is scheduled to be put into operation in 2005; ExxonMobil and Fujian Refining and chemical (ExxonMobil/Saudi Aramco/Fujian Refining and chemical each hold 25/25/50 shares) participate in the construction of 600000 T/a ethylene project, which is scheduled to be put into operation in; In this way, large samples can be easily placed. Shell and CNOOC (shell/CNOOC/Guangdong each hold 50/45/5 shares) participate in the construction of the 800000 ton/year ethylene project in the South China Sea, which is scheduled to be put into operation in 2005. ExxonMobil also cooperated with Guangzhou long fiber reinforced thermoplastic composites, which represents the peak petrochemical of the mechanical properties of movable materials, to transform and expand the oil refining and ethylene project, which will expand the oil refining capacity from 7.5 million tons per year to 10million tons per year, expand the long-term plan to 18million tons per year, and expand the long-term plan of ethylene capacity from 200000 tons per year in 2002 to 1million tons per year. The 1million ton/year ethylene plant is expected to be completed within the year after the completion of the Fujian joint venture project. The ethylene project jointly invested by Dow Chemical Company and Tianjin Petrochemical (each holding 50/50 shares) is expected to expand from 600000 tons/year to 1million tons/year, and will be postponed to completion after 2008. Four joint venture ethylene plants, namely, Nanjing Yangba, Shanghai Secco, Huizhou Nanhai and Fujian Quanzhou, will be completed in. At that time, China will hopefully surpass Japan and become the world's second largest ethylene producer after the United States