Sinostar PEC raises the innovation bar

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.

To Sinostar's non-executive chairman Li Xiang Ping, the investment in the new plant was vital. High-quality polypropylene is, after all, one of Sinostar's hig…