Fluor Corporation is currently conducting a feasibility study for a joint venture led by PetroChina Company Limited. The proposed 440,000 bpd refinery and 1.2 mln tpa petrochemicals complex will be located in Taizhou, Zhejiang Province. The feasibility study is underway and is being led by Fluor’s Shanghai and Houston operations centers with support from Beijing and Manila. The final feasibility study report is expected to be completed at the end of 2010. Royal Dutch Shell PLC and the international arm of Qatar Petroleum are also part of the PetroChina-led joint venture.