15 May 2008 09:22 [Source: ICIS news]
SINGAPORE (ICIS news)--PetroChina may scrap its plan to construct an ethylene cracker in Chengdu, following the devastating earthquake that hit Sichuan province in southwest China earlier this week, a company official said on Thursday.
The company intends to drop plans to construct a new 800,000 tonne/year ethylene plant, costing CNY 20bn ($2.9bn), if studies conclude that the site is prone to natural disaster.
A similar plan to build a new 10m tonne/year oil refinery, costing CNY 50bn, in the same location is also under review, she added.
PetroChina signed a strategic framework agreement with the ?xml:namespace>
Meanwhile, PetroChina said that 56 of its workers had been injured in the
($1 = CNY7.00)
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