300 000 T/A PP Project Put on Stream in Daqing

On August 1, the 300 000 t/a PP (polypropylene) project in Daqing Refining & Chemical Co., Ltd. put on stream and manufactured qualified products. With a total investment of RMB1.236 billion and an area of 23 919 square meter, the project adopts the advanced process licensed from Basell Company. The basic engineering design, key equipment purchase, and technical services are supplied by Italian company Tecnimont. The completion ceremony will be held on August 18. It is expected that the sales revenue and net profit will be added by RMB2 billion, RMB300 million a year, respectively because of its completion.    The feasibility study report of the project was formed in March 2002 and approved on September 27, 2002. The construction started on October 7, 2003. (CCR2002 No.24, 2003 No.30, 2005 No.15)