Fire impact assessed

Sinopec Shanghai Petrochemical (0338) said it is assessing the overall impact of last week's accident on its operation.

A fire, which started 4am on Friday, killed one person at one of China's biggest refining and petrochemicals plants and had been brought under control by 9 am, state media Xinhua reported.

The driver of a third-party transport vehicle died and a company employee suffered a minor injury, said a Sinopec representative.

He said the fire affected the ethylene glycol facility at the plant in Jinshan, a southwestern suburb of China's financial capital.

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, it said in a filing yesterday.

The plant has a processing capacity for 16 million tonnes of crude oil a year and 700,000 tonnes of ethylene, according to its website.