Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
Company

LyondellBasell, Sinopec to build new plant in China

January 27, 2021


Abstract : Multinational chemical company LyondellBasell signed a joint-venture agreement with China Petrochemical Corporation (Sinopec), China's largest oil refiner, on Tuesday.

SHANGHAI, Jan. 26 (Xinhua) -- Multinational chemical company LyondellBasell signed a joint-venture agreement with China Petrochemical Corporation (Sinopec), China's largest oil refiner, on Tuesday.

The two parties will set up a 50-50 joint venture company to expand the production of propylene oxide (PO) and styrene monomer (SM) in China.

The joint venture company will build a plant in the city of Ningbo, in east China's Zhejiang Province, by the end of this year, with an annual output of 275,000 tonnes of propylene oxide and 600,000 tonnes of styrene monomer.

The demand for propylene oxide and styrene monomer in China will increase against the backdrop of China's sustained economic growth, according to Torkel Rhenman, executive vice-president of LyondellBasell.

With expanding investment in China, LyondellBasell has five wholly-owned factories in the cities of Suzhou, Changshu, Dongguan, Guangzhou and Dalian. Enditem

Scan the QR code and push it to your mobile phone

Keyword: Sinopec LyondellBasell

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial