SOURCE: Industrial Info Resources

September 06, 2007 05:01 ET

Sinopec Considers Raising $5 Billion to Build Joint-Venture Refinery in Guangzhou City, Guangdong Province, an Industrial Info News Alert

BEIJING--(Marketwire - September 6, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Sinopec (HKSE:0386) is considering raising $5 billion to build a joint-venture refinery in Guangzhou City, Guangdong Province. The project has an oil-refining capacity of 15 million tons and an ethylene-production capacity of 1 million tons. Stakeholders that are now carrying out or have already carried out negotiations with Sinopec include Kuwait Petroleum Corporation (KPC), Dow Chemical and Royal Dutch/Shell. Among candidate cities to host this project, Guangzhou City is most likely to be chosen.

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