Sinopec and Mitsubishi Form BPA and Polycarbonate JV

Mitsubishi Chemical says it has agreed to form a joint venture with Sinopec to produce 150,000 m.t./year of bisphenol A and 60,000 m.t./year of polycarbonate at Beijing. The companies announced two years ago that they would carry out studies for the complex, to be constructed in Beijing’s Fangshan District. Total investment costs are expected to be $300 million and completion is due in spring 2010. Mitsubishi Chemical and affiliate Mitsubishi Engineering Plastics Corp. will hold a combined 50% in the venture, and Sinopec will have the...

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