Mitsui And Sinopec Firm Up China Plans | November 9, 2009 Issue - Vol. 87 Issue 45 | Chemical & Engineering News
Volume 87 Issue 45 | p. 24 | Concentrates
Issue Date: November 9, 2009

Mitsui And Sinopec Firm Up China Plans

Department: Business
Keywords: Mitsui, joint ventures, China

Mitsui Chemicals and Sinopec plan to spend about $660 million in China to build new plants and acquire an existing one. The plan follows a broad cooperation agreement the two parties signed in April. One joint venture will build a plant producing up to 250,000 metric tons per year of phenol and 150,000 metric tons of acetone by 2013. This venture will also take over a Sinopec phenol plant. Mitsui and Sinopec will study a second venture that would build a 75,000-metric-ton ethylene-propylene-diene terpolymer (EPDM) rubber plant by 2013.

 
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