Morished. Built at a total cost of RMB 18.3 billion Yuan (US $2.7 billion), the complex will produce 3.2 million tons annually of various chemical products, including one million tons of ethylene, as well as other downstream products such as polyethylene, ethylene glycol, polypropylene, butadiene, phenol, & butene-1. The million-ton ethylene cracker, along with eight down-stream units and all utilities have been tested and commissioned 1 million metric tons per annum (mtpa) ethane cracker of the project and operated by SSTPC. In addition to the immediate expansion of local production, the complex will upgrade the chlorine-alkaline industry in Tianjin and promote economic development of New Binhai District and Tianjin municipality. Initial estimates indicate the JV project will support an annual GDP increase of more than four percent in Tianjin and trigger investment of an additional RMB 100 billion Yuan (US $14.8 billion) in downstream and associated industries.
