Decision Expected Soon on China-Taiwan JV in China

Chen: Project is of vital importance. Gulei Petrochemical, a previously announced partnership in which Fujian Petrochemical—a joint venture between Sinopec and the provincial government of Fujian, China—holds a 50% stake and five Taiwanese investors jointly hold the rest, is progressing with negotiations to build a $15-billion refinery and petrochemicals complex in China, CW has learned. Preston Chen, founder of Ho Tung Chemical (Taipei) and chairman of the Petrochemical Industry Association of Taiwan (Taipei), tells CW that discussions are under way...

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