26 August 2011 05:47 [Source: ICIS news]
GUANGZHOU (ICIS)--China National Chemical Engineering Co (CNCEC) is planning to spend yuan (CNY) 6.2bn ($970m) to build a chemical complex at Qidong in Jiangsu province, the company said in a statement on Friday.
The facility would include a CNY1.9bn propylene oxide (PO) plant, a CNY704.5m hydrogen peroxide plant, a CNY377.7m styrene-butadiene copolymer (K-resin) plant and a CNY2.1bn adipic acid plant, according to a company statement.
It would spend CNY1.1bn to build the infrastructure for the complex, the statement said.
The capacities of the plants and the timeline for the construction of the facility were not disclosed, while company sources were not available for comment.
($1 = CNY6.39)
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