Sinopec Shanghai Petrochemical to Invest in Tech, Quality Upgrade Project

MT Newswires Live

2025/01/15

Sinopec Shanghai Petrochemical (HKG:0338, SHA:600688) is planning to invest a little over 21.3 billion yuan in a comprehensive technological transformation and quality upgrading project, a Tuesday bourse filing said.

The petrochemical enterprise intends to maintain its crude oil processing capacity, promote technological transformation, and ensure quality upgradation.

The construction period for the main entity of the project and for the other equipment is around three years and five years, respectively.

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