Sinopec Shanghai Petrochemical : Accident Overview - Form 6-K
June 21, 2022 at 06:55 am EDT
Share
Accident Overview
At around 4:00am on June 18, 2022, a fire broke out in No.1 ethylene glycol plant of the chemical department of Sinopec Shanghai Petrochemical Company Limited (hereinafter referred to as the "Company"), causing a fire on surrounding individual pipelines. After the fire occurred, the Company immediately activated the Level 1 emergency action plan and set up the accident emergency rescue headquarter, and the relevant staff of the Company arrived at the accident site as soon as possible to deploy the emergency rescue work urgently. The main production equipment of the Company had been shut down in an orderly manner and the fire had been effectively brought under control. The protective combustion was being carried out for materials left over in the pipeline. The accident caused one death and one minor injury.
After the fire, the Company continuously monitored the environment of the plant boundary and external areas, and the volatile organic compounds level was normal. The Company has arranged to strengthen the sampling and monitoring of rainwater outlets, and no impact on the surrounding water environment has been found at present.
II.
No. 1 Ethylene Glycol Plant Information
The annual capacity of the Company's No. 1 ethylene glycol plant is 255,000 tons of ethylene glycol, and the plant could switch between production of ethylene glycol or ethylene oxide products according to market conditions. In 2021, the sales revenue of the plant's products accounted for 1.16% of the Company's operating revenue.
III.
Impact and Follow-up
Currently, the Company is assessing the overall impact of the accident on the production and operation of the Company.
The Company will fully cooperate with government authorities to investigate the accident and seriously identify the cause of the accident and deeply draw a lesson from the accident. The Company will ensure the smooth operation of other plants, investigate potential safety risks, prevent secondary accidents, and prepare for the start-up of the shutdown equipment.
The Company expresses its heartful condolences to the victim of the accident and expresses its deepest sympathy to the injured and the families of the victim. The relevant rehabilitation work is in progress.
The Company will fulfill its information disclosure obligations in a timely manner according to the progress of this accident. Investors are advised to be aware of the investment risks.
By Order of the Board
Sinopec Shanghai Petrochemical Company Limited
Liu Gang
Joint Company Secretary
Shanghai, the PRC, 19 June 2022
Attachments
Original Link
Original Document
Permalink
Disclaimer
Sinopec Shanghai Petrochemical Company Limited published this content on 21 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2022 10:54:02 UTC.
Sinopec Shanghai Petrochemical Company Limited (Shanghai Petrochemical) is a petrochemical company. The Company and its subsidiaries are principally engaged in processing crude oil into synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products. The Company operates in five operating segments. The synthetic fibres segment produces polyester and acrylic fibers, which are used in the textile and apparel industries. The resins and plastics segment produces polyester chips, polyethylene resins and films, polypropylene resins and polyvinyl alcohol (PVA) granules. The intermediate petrochemicals segment produces p-xylene, benzene and ethylene oxide. The petroleum products segment is equipped with crude oil distillation facilities used to produce vacuum and atmospheric gas oils used as feedstock of the Company's downstream processing facilities. The trading of petrochemical products segment is engaged in importing and exporting of petrochemical products.
SINOPEC SHANGHAI PETROCHEMICAL COMPANY LIMITED 
