|
|
Article: China: China approves expansion of Sinopec-BASF joint venture in E China.
- Article from:
- TendersInfo
- Article date:
- July 7, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: manish03
China Petrochemical Corporation (Sinopec Group), the country's largest oil refinery, announced Tuesday that the Chinese government has approved the feasibility study report on the expansion of the joint venture between its listed subsidiary China Petroleum and Chemical Corporation (Sinopec) and Ludwigshafen-headquartered BASF in east China's Nanjing city.
Sinopec and BASF will jointly invest approximately 1.4 billion U.S. dollars to expand the BASF-YPC Co. Ltd., (BYC) to produce downstream specialty chemicals for the Chinese market, serving multiple industries such as construction, electronics, pharmaceutical, automotive and chemical ...