Fire at Sinopec Shanghai Petchem plant kills one

Author of the article: A fire broke out at a Sinopec Shanghai Petrochemical Co Ltd plant in Shanghai early on Saturday, killing one person, the company said. Roaring fire was seen engulfing part of a sprawling factory, emitting columns of thick black smoke, in a video posted on Twitter by the state-backed Shanghai Daily. The…
Fire at Sinopec Shanghai Petchem plant kills one

Author of the article:

A fire broke out at a Sinopec Shanghai Petrochemical Co Ltd plant in Shanghai early on Saturday, killing one person, the company said.

Roaring fire was seen engulfing part of a sprawling factory, emitting columns of thick black smoke, in a video posted on Twitter by the state-backed Shanghai Daily.

The fire at one of China’s biggest refining and petrochemicals plants started around 4 a.m. (2000 GMT on Friday) and had been brought under control by 9 a.m. but “was difficult to handle,” state media Xinhua reported, citing fire officials.

It was expected to continue burning for some time.

The driver of a third-party transport vehicle died and a company employee suffered a minor injury, said a Sinopec representative.

He said the fire affected the ethylene glycol facility at the plant in Jinshan, a southwestern suburb of China’s financial capital.

State-owned Sinopec said on its official Weibo account it was monitoring volatile organic compounds and impact to rainwater outlets, and no impact on the surrounding water environment had been found.

Sinopec Shanghai has processing capacity for 16 million tonnes of crude oil a year and 700,000 tonnes of ethylene, according to its website.

It is building a 3.5 billion yuan ($520 million) carbon fiber project as it seeks to diversify away from refining, and focus on resin and fibers. ($1 = 6.7160 Chinese yuan renminbi)

(Reporting by Akriti Sharma in Bengaluru, Dominique Patton in Beijing and Chen Aizhu in Singapore; Editing by Edwina Gibbs and William Mallard)

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Asian stocks shrug off Wall St weakness but growth concerns remain
Read More

Asian stocks shrug off Wall St weakness but growth concerns remain

Author of the article: Asia stocks opened mostly in positive territory on Wednesday even as global growth concerns and weak U.S. economic data weighed on Wall Street overnight. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.35%, Australian shares were up 0.33%, and Seoul and Taiwan both ticked upwards 0.61% and 0.2%. Hong Kong’s,…
China approves Brii Biosciences’ COVID-19 treatment
Read More

China approves Brii Biosciences’ COVID-19 treatment

This advertisement has not loaded yet, but your article continues below. Author of the article: Article content BEIJING — China’s medical products regulator said on Wednesday it has approved the use of BRII Biosciences’ neutrialising antibody cocktail for COVID-19, the first treatment of its type against the disease approved in the country. The medicine, a…
Base metals prices fall as China’s lending data disappoints
Read More

Base metals prices fall as China’s lending data disappoints

Author of the article: Industrial metal prices fell on Monday, as markets weighed disappointing data that showed new bank lending slumped in top consumer China last month due to COVID-19 restrictions, reinforcing fears of weakening demand from the property sector. Three-month copper on the London Metal Exchange was down 0.7% at $8,036 a tonne, as…
China new home prices in July unchanged from June, down 0.9% y/y
Read More

China new home prices in July unchanged from June, down 0.9% y/y

Author of the article: BEIJING — China’s new home prices in July were unchanged for a second month as already fragile sentiment was further corroded by a mortgage boycott by homebuyers upset by unfinished projects despite continued stimulus measures. Compared to a year ago, new home prices in July fell 0.9%, the fastest pace since…