Sinopec plans JV refinery and petrochem project
By Wang Yu | China Daily | Updated: 2007-08-11 05:09
Asia's top refiner Sinopec is planning a new joint venture refinery and petrochemical complex to consolidate its foothold in South China.
"We are right on track, negotiating with overseas partners to build a refinery and petrochemical complex in Guangdong Province. Its processing capacity will be 12 million tons, while the petrochemical plant will roll out 800,000 to 1 million tons of ethylene (a year)," Sinopec President Wang Tianpu said on Friday.
By "overseas partners" Wang meant Royal Dutch Shell, Kuwait Petroleum Corp and Dow Chemical Co.
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