SK Group gets stake nod
Source: Agencies |
June 6, 2013, Thursday
|
Print Edition
Print Edition
CHINA'S top economic planner has approved South Korea's SK Group taking a 35 percent stake in a US$2.7 billion petrochemical complex that refiner Sinopec built in central China, a government statement said yesterday.
China's National Development and Reform Commission has approved SK's acquisition of a stake in the complex in Hubei Province that has a capacity of 800,000 tons per year of ethylene.
The plant is now a joint venture between Sinopec and SK, with a 65-35 split, the NDRC said. The two companies signed a preliminary deal in December 2011 to explore joint investment in the project. SK's investment cost for the stake was not given.
Sinopec completed building the complex around the end of 2012 in Wuhan.
China imports about half its ethylene needs and is keen to reduce that amount.
China's National Development and Reform Commission has approved SK's acquisition of a stake in the complex in Hubei Province that has a capacity of 800,000 tons per year of ethylene.
The plant is now a joint venture between Sinopec and SK, with a 65-35 split, the NDRC said. The two companies signed a preliminary deal in December 2011 to explore joint investment in the project. SK's investment cost for the stake was not given.
Sinopec completed building the complex around the end of 2012 in Wuhan.
China imports about half its ethylene needs and is keen to reduce that amount.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
