SK Global Chemical, Sinopec ink JV deal for BDO project in China

SK Global Chemical says that it entered into a joint venture agreement with Sinopec to build the previously announced butanediol (BDO) plant at Chongqing, China. SK Global Chemical and Sinopec will invest a total of 3.8 billion renminbi ($610 million) in the 50-50 jv, which will be formally established in April to build the 200,000-m.t./year BDO plant, SK Global Chemical says. Construction will begin in the second half of 2013 in the Chongqing Changshou Economic & Technological Development Zone. Construction will be completed by the end of 2015, and the...

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