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BP, SK, and Sinopec to Build Acetic Acid and Butanediol Complex at Chongqing

10:46 AM MST | February 22, 2012 | Natasha Alperowicz

BP Chemicals Investment Ltd. (BPCIL), a wholly owned subsidiary of BP, SK Global Chemical (Seoul) and Sinopec Sichuan Vinylon Works (SVW) said today that they have signed a memorandum of understanding to build an integrated acetic acid and 1,4 butanediol (BDO) complex at Chongqing, China at an estimated cost of Rmb7 billion. The ceremony was attended by Mayor Huang Qifan, deputy Mayor Tong Xiaoping from the Chongqing municipality, Wang Tianpu, president of Sinopec, Nick Elmslie, CEO of BP Petrochemicals, and Tae-Won Chey, chairman of SK Group. The integrated...

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