30 July 2012 08:35 [Source: ICIS news]
The project, which will cost yuan (CNY) 6bn ($940m), will be constructed in two phases, and is expected to be able to produce a total of 1.2m tonnes of ethylene and propylene products when it comes on stream, according to the statement.
Details on the expected start-up date were not immediately available.
The Zhuhai government and the company signed a cooperative contract on the project on 25 July, but did not disclose any further construction details, according to the statement.
CECC is a joint venture between China Academy of Science (CAS) and BP, with CAS holding 51% of the registered capital and BP holding 49%.
($1 = CNY6.38)
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