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Sinopec started work on petchem complex in southwest China

October 05/2011

(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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