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)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections