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02386 SINOPEC SEG
RTNominal up4.510 +0.010 (+0.222%)
Others

11/06/2018 17:04

Sinopec SEG (02386) inks Rmb4.6bn EPC contract

[ET Net News Agency, 11 June 2018] SINOPEC Engineering (02386) said the Group has
recently entered into a contract of engineering, procurement and construction (EPC) with
SINOPEC SABIC Tianjin Petrochemical Co. Ltd. in relation to the SINOPEC SABIC
Petrochemical 260 kilo tons per annum polycarbonate project with a contract sum of about
Rmb4.586 billion.
The project is located at Tianjin Economic-Technological Development Area. The date of
intermediate handover of the project is 30 December 2020 according to the contract. The
total value of the contract will be recorded as backlog of the Group.
China Petroleum & Chemical Corporation (which is controlled by the ultimate controlling
shareholder of SINOPEC Engineering, China Petrochemical Corporation) holds 50% of the
equity interests in SINOPEC SABIC Tianjin Petrochemical Co. Ltd. (HL)

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