CHINA: Taiwan Group planning to file application for Chinese refinery & naphtha cracker

The planned project would be an equally-owned joint venture with China's Sinopec Group in the Gulei Development Zone in Zhangzhou in China's Fujian Province, and would be the first such project proposed since Taiwan lifted its ban on investments in Chinese naphtha crackers.

The consortium is comprised of Ho Tung Petrochemical, Hsin Tay Petroleum, LCY Chemical, USI, Asia Polymer, TSRC, Grand Pacific Petrochemical and BOC Lienhwa Industrial Gases.

Source: Weekly "PetroChemical News", Durham, NC, USA; 21 Oct 2013(Syed Rashid Ali, Karachi, Pakistan)