China's Sinopec Begins Construction on $9 Billion Zhanjiang Refinery

Reuters, December 22, 2016

China's Sinopec Group has begun construction of a long-planned refinery and petrochemical complex in the southern city of Zhanjiang, the company said on its website on Wednesday. The first phase of the mega projects includes a 10 million tonnes per year refinery and an 800,000 tonnes per year ethylene complex that produces plastics, synthetics, rubber and fibre, Sinopec said. Sinopec and OPEC member Kuwait has agreed on a preliminary deal to build the energy complex in a $9 billion joint venture.

(Reporting by Meng Meng and Beijing Monitoring Desk; Editing by Amrutha Gayathri)


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