By OGJ editors
HOUSTON, Feb. 24 -- Shanghai Secco Petrochemical Co. Ltd. (SSPC)—a 50-50 joint venture of BP PLC and China Petrochemical Corp. (Sinopec)—has awarded a $205 million turnkey contract to France's Technip-Coflexip and Sinopec Shanghai Engineering Co. (SSEC) for the design and construction of two polyethylene plants at Caojing, near Shanghai, China.
Each plant, based on BP's Innovene gas-phase technology, will have capacity to produce 300,000 tonnes/year of linear low-density polyethylene.
The BP-Sinopec JV was launched in late 2001 to construct a $2.7 billion olefins derivatives complex at Shanghai Chemical Industry Park (OGJ Online, Dec. 10, 2001). The JV includes Sinopec affiliate Shanghai Petrochemical Corp.
The massive project entails a wide range of olefins and other products and represents a cornerstone of China's petrochemical industry expansion. It also is one of the largest foreign investments in China.
Technip-Coflexip has completed the front-end engineering design on the LLDPE units and will carry out, in association with SSEC, detailed engineering, equipment supply, construction, and precommissioning. The plants are scheduled to be delivered "ready for start-up" at the end of February 2005.
