Sinostar PEC raises the innovation bar
The latest technology will be used at its new petrochemical plant to produce high-quality polypropylene, used in high-value products.
Add BT as a preferred source
Claudia Chong
INNOVATIVE and high-quality development is of top priority this year for mainboard-listed Sinostar PEC Holdings, a producer and supplier of downstream petrochemical products in China.
The company is putting its money where its mouth is. By the fourth quarter of 2020, Sinostar's new 1.2 billion yuan (S$237 million) polypropylene production plant in Shandong would have been decked out with the latest-generation technology imported from Germany, called Spheripol.
The tech is expected to enhance product quality while making more efficient use of resources. Furthermore, the plant will boost the group's production capacity of polypropylene by five times to 250,000 tonnes per annum.
TRENDING NOW
Johor property old hand KSL readies family handover amid market boom
Seatrium eyes S$28 billion in project opportunities amid global race for energy security
China targets offshore billions in biggest crackdown in decades
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
