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Markets :: Basic Chemicals :: Petrochemicals :: Propylene

Taiwan conditionally approves petchems project on mainland China

10:36 AM MST | January 29, 2014 | Natasha Alperowicz

The Taiwanese government earlier this week approved construction of a $15-billion refinery and petrochemical project on mainland China under certain conditions, CW has learned. The Gulei Petrochemical complex, a previously announced 50-50 joint venture between Sinopec and a group of seven Taiwanese companies, will be located on the Gulei peninsula at Zhangzhou, Fujian Province. The Taiwanese group consists of USI, with 18.75%; Asia Polymer, 13%; Ho Tung Chemical, 31.75%; LCY Chemical, 20%; Hsin Tay Petroleum, 6%; Chenergy Global, 5.5%; and Lien Hua Industrial...

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