08 December 2011 08:25 [Source: ICIS news]
SINGAPORE (ICIS)--China Power Investment (CPI) and ?xml:namespace>
The groundbreaking ceremony for the plant was held on 3 December, according to the statement.
The two companies signed a memorandum of understanding (MoU) for the construction of the project in November 2010.
The €2bn-3bn ($1.5bn-2.3bn) facility is expected to be operational after 2015 and produce 800,000 tonnes/year of olefins, the statement said.
($1 = €0.75)
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