Taiwanese Producers Join with Sinopec on Petchems Project

摘要

Four Taiwanese petrochemicals producers have signed a letter of intent in Beijing to build a $15-billion refinery and petrochemical complex in Fujian Province, China. The agreement follows setbacks in plans by the Taiwanese companies to expand at home and a 2009 attempt to build a complex at Quanzhou, close to Fujian Petrochemical Co., a joint venture between ExxonMobil, Saudi Aramco and Sinopec.