12/06/2011

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CHINA: Sinopec and KPC launch construction on Guangdong refinery, ethylene JV

The $9-billion project involves a 300,000-b/d refinery that will process Kuwaiti crude and a 1-million-t/y ethylene plant.  Production is expected to begin in 2015.

KPC Chief Executive Farouk Al-Zanki recently said his company is still interested in giving about 20% of its 50% interest in the venture to a strategic partner.  

Source: Weekly "PetroChemical News", Durham, NC, USA; 5 Dec 2011

(Syed Rashid Ali, Karachi, Pakistan)

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