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Chemical Week Magazine :: Business & Finance :: United States/Americas

Sinopec signs feedstock propane export deal with Phillips 66

3:54 PM MDT | March 24, 2014 | —Clay Boswell

Sinopec has signed a long-term contract to purchase propane from Phillips 66 for use as chemical feedstock. Sinopec has not released details of the contract.“This is a mutually beneficial cooperation for Sinopec and Phillips 66,” says Dai Houliang, senior v.p. of Sinopec. “We are able to explore more business and cooperation opportunities by signing this contract, and it has further diversified the chemical feedstock supply channels for Sinopec, which will be critical to adjust our chemical feedstock structure.” Sinopec aims to build a...

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