China's NDRC OKs Fujian PX JV

摘要

Beijing-China's National Development and Reform Commission (NDRC) has approved a paraxylene project to be built by the Fujian Petrochemical Co.Ltd.joint venture in Fujian,local financial sources reported.Fujian Petrochemical,a venture of Sinopec,the Fujian government,ExxonMobil and Saudi Aramco,plans to invest 3.77-billion yuan in the 700,000-t/y paraxylene plant.