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Business
BOC, Sinopec in gases pact
May 1, 2006
| A version of this story appeared in
Volume 84, Issue 18
BOC and Sinopec's Shanghai Petrochemical Co. (SPC) subsidiary are forming a 50-50 joint venture to supply industrial gases in the Shanghai region. The venture will spend more than $80 million to acquire four existing air separation units from SPC and build a new air separation unit. BOC already operates a joint venture with Yangtze Petrochemical, a Sinopec subsidiary in Nanjing, China.
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