Shanghai Secco Petrochemical Co plans to commission its ethylene cracker in Shanghai in the first quarter of 2005, three months ahead of schedule, a company official said.

Shanghai Secco is a joint-venture company and is 50 per cent held by BP PLC (BP).  Sinopec Corp., holds a 30 per cent stake while Shanghai Petrochemical Corp holds the remaining 20 per cent.
The company started building the 900,000 metric-tonnes-per-year ethylene cracker complex on Shanghai Petrochemical Corp’s premises in 2002 at an estimated cost of US$2.7 billion.