USEUROPEAFRICAASIA 中文双语Français
Home / Youth

Sinopec, Sabic venture gets nod

By Ou Lu | China Daily | Updated: 2009-07-16 08:04

Asia's largest oil refiner, Sinopec Corp, and the world's biggest chemicals maker by market value, Saudi Basic Industries Corp (Sabic), received regulatory approval from China to develop a previously agreed-to project into a full-fledged venture in Tianjin.

The $3-billion complex, to be operational in September this year, will have an annual capacity of 3.2 million tons of petrochemicals, including ethylene, the primary building block for petrochemicals, and all other downstream products, Sinopec said on its website.

The target production capacity of this 50-50 joint venture was first set at 4 million tons in June 2008.

Sinopec, Sabic venture gets nod

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US