China's Sinopec starts construction of Zhanjiang refinery
12/22/2016 10:01:32 AM
BEIJING (Reuters) -- China's Sinopec Group has begun construction of a long-planned refinery and petrochemical complex in the southern city of Zhanjiang, the company said on its website on Wednesday.
The first phase of the mega projects includes a 10 MMtpy refinery and an 800,000 tpy ethylene complex that produces plastics, synthetics, rubber and fiber, Sinopec said.
Sinopec and OPEC member Kuwait has agreed on a preliminary deal to build the energy complex in a $9 billion joint venture.
Reporting by Meng Meng and Beijing Monitoring Desk; Editing by Amrutha Gayathri
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