09/20/2013

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CHINA: CNPC, QPI and Shell postpone plans for Taizhou pefinery & PC complex

Last year the three companies signed a heads of agreement for an USD 11.7 billion joint venture that included construction of a 20 million t/y refinery, a 1.2 million t/y ethylene plant and a berth to accommodate 300,000 t crude carriers.

Source: Weekly "PetroChemical News", Durham, NC, USA; 16 Sept 2013
(Syed Rashid Ali, Karachi, Pakistan)

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