SINOPEC SABIC Tianjin Petrochemical Co. Ltd. (abbreviated as SSTPC) is a mega-size petrochemical enterprise jointly invested by SINOPEC and SABIC on a 50:50 basis. The company was registered on 20th October 2009 in Tianjin Binhai New Area with 29.407 billion RMB total investment and 9.796 billion RMB registered capital by the end of 2014. It covers 1.72 square kilometers. The commercial operation was realized on 11th May 2010. The project consists of 9 world-scale production plants which use up-to-date process technology, including 1000 KTA Ethylene Plant, and associated utilities and supporting facilities. The main products include 21 chemicals, 5 functional chemicals, 25 grades of polymer products classifying to 3 categories. All products are supplied to major domestic market relying on the extensive sales network of both shareholders.