30 September 2007 15:24 [Source: ICIS news]
BERLIN (ICIS news)--The domestic base of the Chinese economy is sufficiently robust to withstand a possible downturn in the US, particular as the construction sector continues to boom, BP Acetyls chief executive Guy Moeyens said on Sunday.
But in deciding to invest in acetic acid production capacity in
"We looked very closely at that question," Moeyens said on the sidelines of the European Petrochemical Association (EPCA) meeting in
The Chinese government has been trying to cool construction activity, underscoring the strength of demand in that sector, Moeyens noted.
BP and partner Sinopec are planning a 650,000 tonne/year project in
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