11 August 2009 10:37 [Source: ICIS news]
SHANGHAI (ICIS news)--Sinopec’s joint venture refinery-petrochemical complex with Kuwait Petroleum Corp (KPC) is to come on stream by the end of 2013 after it is relocated from the originally planned site at Nansha to Zhanjiang, in southern China's Guangdong province, Sinopec said on late Monday.
A feasibility study and environmental impact assessment on the new site at Zhanjiang would be launched this week, according to a company press release.
The $9bn (€6.39bn) project is expected to be approved by the country’s National Development and Reform Commission (NDRC) in the next few months, Sinopec said.
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The complex had to be relocated from Nansha after the plans raised environmental concerns.
In addition to Sinopec and KPC, the complex would include an international partner in the refining and petrochemical industry, according to the release.
($1 = €0.71)
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