BP, SK, Sinopec Build Acetic Acid-Butanediol Complex in China

BP Chemicals Investment Ltd. (BPCIL), a wholly owned subsidiary of BP; SK Global Chemical (Seoul); and Sinopec Sichuan Vinylon Works (SVW) say 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 ($1.1 billion). The signing ceremony was attended by mayor Huang Qifan and 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...

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