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Business
BP, Sinopec, And SK Plan China Complex
by Jean-François Tremblay
February 27, 2012
| A version of this story appeared in
Volume 90, Issue 9
BP, Sinopec, and South Korea’s SK Holdings have signed a memorandum of understanding to build acetic acid and 1,4-butanediol (BDO) plants in Chongqing in southwestern China. The $1.1 billion project would include a 600,000-metric-ton-per-year acetic acid plant funded by BP, Sinopec subsidiary Sichuan Vinylon Works, and a state-owned investment firm. SK and Sichuan Vinylon would build a 200,000-metric-ton BDO facility. The acetic acid facility would supply hydrogen to the BDO unit, which in turn would supply acetylene to the acetic acid plant.
The power is now in your (nitrile gloved) hands
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