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Total Signs Deal to Develop Coal-Based Petrochemical Complex in China

2:22 AM MDT | November 5, 2010 | Natasha Alperowicz

Total and China Power Investment Corporation (CPI; Beijing) have signed a letter of understanding to jointly develop a coal-based petrochemical complex  in coal-rich Inner Mongolia. The complex is expected to come onstream after 2015 and cost an estimated €2 billion-€3 billion ($2.8 billion-$4.3 billion). CPI is one of China's largest energy companies producing electricity, coal and aluminum. Its coal production capacity is more than 50 million m.t./year. The companies plan to launch a feasibility study into the project, which is expected to have...

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