Chinese Make Large-Scale Ethylene-Pelleting Machine

BEIJING--June 18, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--The contract for building the first Chinese-made 200,000-ton mixing, pressing, and pelleting machine for the production of ethylene was awarded to Dalian Rubber and Plastic Machinery Company Limited (SHA:600346) (Dalian, China). Production has already started, and the expected completion date is March 2009. The building of this 200,000-ton machine has received close attention from China Petroleum and Chemical Corporation (NYSE:SNP) (Sinopec) (Beijing, China). Research for the pelleting machine will be jointly conducted by the Sinopec subsidiary Yanshan Petrochemical Company Limited, the end user of the equipment, Beijing University of Chemical Technology and the Tianhua Chemical Machinery and Automation Research Design Institute.