Tuesday, September 06, 2011

Sinopec Group, Fujian government, Taiwan consortium ink framework agreement to build US$4.5 bln petrochemical complex in Fujian

Sinopec Group, the Fujian provincial government and a Taiwan consortium have signed a framework agreement to build a US$4.5 bln petrochemical complex in Fujian, as per Reuters. The complex, to be locaated in Gulei of Zhangzhou city, has been initially designed to have crude refining capacity of 16 mln tps (320,000 bpd) and ethylene production capacity of 1.

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