16 November 2010 05:26 [Source: ICIS news]
SHANGHAI (ICIS)--China’s Sinopec Yangzi Petrochemical Co is planning to invest yuan (CNY) 8.47bn ($1.27bn) to expand its refinery in Nanjing, Jiangsu province, within the next five years, a source close to the company said on Tuesday.
The company would increase its crude processing capacity to ?xml:namespace>
The company had recently obtained the environmental impact approval from China’s Ministry of Environmental Protection (MEP) for the expansion, according to a statement on MEP’s website.
Sinopec Yangzi Petrochemical also runs a 650,000 tonne/year naphtha cracker, a
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