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Construction to Start Next Year on Sinopec-Kuwait Petrochemical Project

7:18 AM MDT | May 23, 2011 | Ian Young

Construction will begin in the first quarter of 2012 on a previously announced refinery and petrochemical joint venture between Sinopec and Kuwait Petroleum near Zhanjiang in southern China, says Ruan Risheng, the mayor of Zhanjiang. Ruan confirmed the date in comments to the Kuwait News Agency today. Sinopec and Kuwait Petroleum announced originally that the refinery and petrochemicals complex would start production in 2013, but this deadline is unlikely to be met if construction does not begin until next year, analysts say. The jv's refinery will have a...

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