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China Approves Sinopec-Kuwait Petroleum's Refinery and Petchems JV

8:21 AM MST | March 7, 2011 | Natasha Alperowicz

China's National Development and Reform Commission (NDRC; Beijing), China's top economic planning agency, has approved a previously announced $9-billion refinery and petrochemical joint venture between Sinopec and Kuwait Petroleum, according to local reports. The news follows environmental and technical approvals of the project by the Chinese government last year. The complex, planned at Donghai Island near Zhanjiang, China will include a 300,000-bbl/day refinery and a petrochemical complex based on a 1-million m.t./year ethylene plant. Completion is expected in...

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