Shanghai Daoqin Plastics Co., Ltd.

full most large plastics, chemical industry and company LyondellBasell (LyondellBasell), day front already and China most large comprehensive can and chemical industry enterprise China chemical industry group (Sinopec)签署谅 understanding memorandum (MoU), formed 立一家50:50 combined enterprise.

according to understanding memorandum, combined company will China 宁波镇海 construction full new ring oxygen 丙烷(PO) and styrene mono 体(SM) factory, meet/satisfy inner market demand. most 终确定, combined company will 建立于现 has LyondellBasell / China PO / SM combined enterprise in, combined enterprise by 命名宁波ZRCC Lyondell chemical has company.

LyondellBasell 首席执行官Bob Patel table/sheet 示: “ in China this strategy market combined enterprise is growth strategy important formed separation. ” “随 market for construction material, packaging and furniture demand growth, 我们看 to will 我们 领先 technology and China 石化 运营 can force combined, can achieve strong/high strong/high combined, belt/tape in development machine 会, 进而进一步 is China market 服务. ”

China 石化董事 long thick table/sheet 示: “ this is in and LyondellBasell PO / SM combined as factory, is in combined as factory 伙伴关系基础 upper. ”“ this and China 进一步 for outer policy versus combined, is in 石化国际 combined as also formed 就. this product will has meet/satisfy inner market day growth demand. ”

new factory expected year 产300 10,000 tons ring oxygen and 60 10,000 tons styrene. new factory will 于2020 year 初开始动工, expected 于2022 year 启动. factory will use LyondellBasell PO / SM technology. company will and other sales product, this will large expand 展各自 in ring oxygen and styrene in China market and degree.

according to IHS Markit research data, in future year in, China will 占亚洲 chemical product market demand 60% above, full chemical product growth 40%.

LyondellBasell in China has full factory, separation 别位于广州, 苏州, large 连, and 常熟.