SOURCE: Industrial Info Resources

July 16, 2008 07:30 ET

Guangdong Province to Invest $43.5 Billion in Refining and Ethylene Production, an Industrial Info News Alert

BEIJING--(Marketwire - July 16, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The government of southern China's Guangdong Province has announced plans to invest $43.5 billion in the next five to seven years to increase its refining capacity. The projects will include refineries and ethylene-production plants, including a 150 million-ton-per-year integrated refining-chemical project between China and Kuwait by China Petroleum & Chemical Corporation (NYSE:SNP) (Sinopec) (Beijing).

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