Sinopec Group plans to invest US$3.3 bln (21 billion yuan) in a joint venture project in Henan province by the end of 2011 to further tap into the coal-to-chemical sector. Sinopec Group will hold a 551% stake in the methanol-to-olefins joint venture and the Henan government will hold the balance 49% to produce 1.
For more details on Sinopec in US$3.3 bln JV to make olefins from methanol in Henan province click here
Monday, December 12, 2011
Sinopec in US$3.3 bln JV to make olefins from methanol in Henan province
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