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(Platts) -- State-owned China
Petrochemical Corp., or Sinopec Group, and the provincial government of Guizhou
has launched a coal-based petrochemical project in southwest China, which
involves the oil major investing Yuan 18 billion ($2.8 billion) for the first
phase of the project.
The groundbreaking ceremony for the project was held on Wednesday,
according to a report by Sinopec published on its website on Friday.
In the first phase, Sinopec will build a 1.8 million mt/year
coal-to-methanol complex, a 600,000 mt/year methanol-to-olefins unit, a 300,000
m
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