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(CapitalVue) -- Sinopec’s parent
company, Sinopec Group, plans to invest 100 billion yuan in Fujian province over
the next 10 years, reports the Oriental Morning Post. It signed an agreement
with the Fujian provincial government on September 26 to develop the
petrochemical industry in the coastal province.
Sinopec Group will help Fujian Lianhe Petrochemical solve technical
problems in its ethylene factories, expand capacity at the oil refineries of
Sinopec Fujian Refinery Industry and Gulei Refinery Industry. Sinopec Group will
also build a sales network of refined oil, natural gas and caprolactam.
Fujian governor Su Shuling said the petrochemical industry will become
the one of the three pillar industries in the province.
mrcplast.com
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