An agreement worth more than $13 billion has been signed between China National Chemical Engineering Group (CNCEC) and Russia’s RusGasDobycha to build a natural gas processing and chemical plant. It is the largest ethylene integration project in the world, according to CNCEC chairman Dai Hegen. He told China Central Television the contract is the biggest ever signed by a Chinese enterprise. The plant will comprise two sets of ethylene cracking facilities with an annual capacity of 1.4 million tons. It will also have six sets of polyethylene facilities with an annual capacity of 480,000 tons, two sets of LAO facilities with an annual capacity of 137,000 tons and an outside battery limiter (OSBL).
