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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Sinopec and PetroChina Expand Petrochemical Activities

11:44 AM MDT | September 26, 2008 | Deepti Ramesh

Sinopec Group, the parent of Sinopec, has signed a framework deal with the government of Henan Province, China, covering: a possible project to build a methanol-to-olefins plant at the site of Sinopec subsidiary Zhongyuan Petrochemical (Puyang, China); an expansion of the refinery and petrochemical complex of Luoyang Co. (Luoyang, China), another Sinopec subsidiary, by 2013; and cooperation in the oil and gas sector, media reports say. Sinopec signed a similar deal with Fujian Province last month, reports add. Luoyang Co. plans to invest about $500 million to...

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