Economic Calendar

Friday, September 26, 2008

Sinopec Maoming Restarts Two Polypropylene Units After Typhoon

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By Wang Ying

Sept. 26 (Bloomberg) -- Sinopec Maoming Petrochemical Corp., the second-biggest oil processing plant owned by Asia's largest refiner, has restarted two polypropylene units after Typhoon Hagupit struck China's southern coast this week.

Sinopec Maoming, a unit of China Petroleum & Chemical Corp., known as Sinopec, proceeded with an ``emergency shutdown'' of the units because power supplies became unstable during the storm. The plant wasn't ``seriously'' affected by the typhoon, China Petrochemical Corp., Sinopec's parent, said in its newsletter yesterday.

The eye of Hagupit, the most powerful typhoon to hit Guangdong province in more than 10 years, made landfall at 6:45 a.m. on Sept. 24 in the city of Maoming, state-run Xinhua News Agency said at the time.

To contact the reporter on this story: Wang Ying in Beijing at wang30@bloomberg.net;


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