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Sinopec and Kuwait Petroleum Corp embarked upon construction a petrochemical complex

November 18/2011

(Plastemart) -- China Petroleum & Chemical Corp (Sinopec) and Kuwait Petroleum Corp have embarked upon construction of their 59 billion yuan (US$9.3 bln) joint refining and petrochemical complex in the southern Chinese province of Guangdong, as per Reuters. The project includes a 300,000 bpd refinery and a 1 mln tpa ethylene cracker, expected to come on line in 2015.


Perspectives of development of polymer markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit will be organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.


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