On December 3rd, IPMT olefin package team attended the kick-off meeting of ethylene package which is the major project of Secco's 900ktpa ethylene project in Houston and the meeting itself marking the PDP of the project in full swing.

On December 10th, a celebratory reception was held in the Great Hall of the People, Beijing to mark the formation of Shanghai Secco. Mr.Chen Jinhua, vice chairman of CPPCC, Mr. Sheng Huaren, member of the standing committee of NPC, and leaders from state planning commission, state economic and trade commission, CCB, ICBC, CDB, and Shanghai Municipal government also attended the reception. Mr. Li Yizhong, chairman of Sinopec, Mr.Chen Tonghai, vice chairman of Sinopec, Mr.Wang Jiming, president of Sinopec, Mr. Liu Wenlong, and other people in charge from Sinopec corporate headquarters, Mr. Lu Yiping, chairman& GM of SPC, Mr.Xu Kaicheng, vice chairman of SPC, Mr.Byron Grote, BP's managing director and chief executive of BP¡¯s chemicals businesses, Mr.Gary Dirks, VP of BP and CEO of BP China, Mr.Graham Hunt, chairman of BP China attended the reception.

On December 11th, Sinopec, SPC and BP chemicals held a return banquet for the formation of Shanghai Secco Petrochemical Co., Ltd in Shanghai, to express their sincere gratitude to the long-term and energetic support from Shanghai Municipal government, various commissions and offices, and relating parties. Mr. Jiang Yiren, vice mayor of Shanghai attended the return banquet.

On December 11th, the second BOD of Secco meeting was held in Shanghai.

On December 24th, the joint venture initialed a loan agreement with eight domestic banks and two international banks in Shanghai.


On November 16th, the first BOD meeting of Secco was convened in Beijing.

On November 2nd, JV business department manager meeting was convened.


On October 11th, the first meeting of the pre-joint venture was convened in Shanghai, presided by Mr. John Morgan and Mr. Liu Xunfeng.

On October 15th, the fifth IPMT meeting was convened at Jinshan Hotel.

On October 23rd, Mr.Wang Jiming, president of Sinopec, met with Lord John Browne, CEO of BP, Mr.Byron Grote.

On October 29th, JV received the business license issued by Shanghai Industry& Commercial Administration. Shanghai Secco Petrochemical Co., Ltd was established.


On September 13th, MOFTEC approved the establishment of the joint venture invested by Sinopec, SPC, and BP by issuing No.835 document of MOFTEC and an approval certificate.

On September 15th, a fire fighting expert demonstration meeting of ethylene battery limit was convened in Shanghai.

September, on September 30th, joint venture partners jointly completed the pre-information memo which was sent to nine domestic banks and 7 overseas banks to solicit preliminary opinions from them.


On August 8th, the seventh meeting of Shanghai Secco 900ktpa ethylene project steering team was held at No.312 conference room in Shanghai Municipal government and chaired by Mr. Chen Tonghai. Mr. Cheng Liangyu, Mr.Wangjiming, Mr.Jiang Yiren, and other members of the steering team attended the meeting.

On August 28th, State planning commission forwarded the approval from State council on the FSR of Shanghai Secco 900ktpa ethylene project in No. 1616 document of 2001of the State planning commission.

On August 31st, joint venture contract and articles of association of Shanghai Secco 900ktpa ethylene project were signed in Beijing jointly by Sinopec, SPC and BP.


On May 8th, Lummus held an introduction meeting on the conceptual bid proposal.

On May 12th, State Bureau of Environment Protection approved the environment impact assessment report of Shanghai Secco 900ktpa ethylene project in the No.95 environment review &approval document in 2001.


On March 6th, the joint FSR of Shanghai Secco 900ktpa ethylene project was signed by Sinopec, SPC, BPCECIL in Beijing. It was agreed that the confirmed content of FSR would be submitted to the government appraisal& examination authority as the official report.

On March 8th, the application letter for approval of FSR of Shanghai Secco 900ktpa ethylene project was officially submitted to the State Planning Commission and relating government appraisal& examination authority.

On March 27th, the pre-IPMT meeting of Shanghai Secco 900ktpa ethylene project was convened. The project was launched before receiving the approval from the government authority.


On Jan 22nd, the sixth meeting of Shanghai Secco 900ktpa ethylene project steering team was held at No.312 conference room in Shanghai Municipal government and chaired by Mr. Chen Tonghai. Mr. Cheng Liangyu, Mr.Wangjiming, Mr.Jiang Yiren, and other members of the steering team attended the meeting.