News Post
Sinopec in $4-B petrochemical JV with Taiwan firm
(Reuters) A subsidiary of top Asian refiner Sinopec Corp. has officially launched a 50-50 JV with a Taiwanese company to build a petrochemical complex in southeast coastal Fujian province, Sinopec said Wednesday.
The JV involves Taiwanese firm Dynamic Ever Investments Ltd. and Fujian Petrochemical Co., which is 50% owned by Sinopec Corp.
The project includes a 1 MMtpy ethylene plant and other downstream units that will cost an estimated $4.09 B.
Fujian provincial regulatory approval was granted in January, 2016 and the JV contract signed in May, 2016.
The project will be constructed in the Gulei petrochemical industrial park of Zhangzhou city.
For subscriptions or a demo:
Sam Hassaniyeh
Subscription Executive
Phone: +44 203 4092242
For questions or to give feedback:
Thad Pittman
Senior Researcher
Phone: +1 (713) 525-4605
Download our brochure today!
Project News