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The company was formed with an investment of about USD 2.7 billion jointly by China Petroleum and Chemical Corporation (Sinopec Corp.), Shanghai Petrochemical Company Limited (SPC), and BP East China Investment Company Limited, which separately gained a stake of 30%, 20%, and 50%. With the most advanced processing technology in the world, Shanghai SECCO is engaged in the provision of ethylene, propylene, polyethylene, polypropylene, styrene, polystyrene, acrylonitrile, butadiene, benzene, toluene and byproducts, and so on. Its major plants include a 300 ktpa polystyrene plant, a 500 ktpa styrene plant, a 600 ktpa polyethylene plant, a 500 ktpa aromatic extraction unit, a 90 ktpa butadiene plant, a 250 ktpa polypropylene plant, and a 260 ktpa acrylonitrile plant, according to its website. Source: www.jfdaily.com (July 16, 2009) For full details for SHI click here.
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