China’s Sinopec confirms government nod on Zhanjiang JV project

10 March 2011 03:03  [Source: ICIS news]

GUANGZHOU (ICIS)--Chinese petrochemical giant Sinopec confirmed on Thursday that its joint venture (JV) with Kuwait Petrochemical Corp (KPC) was recently granted government approval for a planned refinery and petrochemical complex in Zhanjiang, China.

The National Development & Reform Commission (NDRC), China's regulatory body on major projects, cleared the way for the JV partners to proceed with the project, Sinopec spokesperson Huang Wensheng told ICIS.

Huang, however, said that there is still no definite timetable on the construction of the project.

Sinopec and KPC plan to build a 15m tonne/year refinery, a 1m tonne/year cracker and other chemical units at Zhanjiang, Guangdong province in southern China.

By: Fanny Zhang
+65 6780 4359

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