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Article: Japan: Mitsui Chem, Sinopec plan petrochem plants.
- Article from:
- TendersInfo
- Article date:
- November 2, 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)
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Byline: manish03
Japan's Mitsui Chemicals (4183.T) and China Petroleum & Chemical Corp (Sinopec) (600028.SS) plan to spend 60 billion yen ($670 million) to build two factories in Shanghai to produce resins and synthetic rubber, the Nikkei business daily reported on Monday.
The two firms will invest 40 billion yen to build a plant to produce 250,000 tonnes of phenol annually and spend another 20 billion yen for a factory with annual output capacity of 75,000 tonnes of synthetic rubber materials, the Nikkei said.
The phenol plant is scheduled to start production in spring 2013, and construction of the rubber factory is set to be completed by the ...
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