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Taiwan's Kuokuang to set up petrochemical plant in Malaysia

17-Jul-12

The Johor government and Taiwan's CPC Corp (formerly known as Chinese Petroleum Corp) have signed an agreement early last week to build a US$10.99 bln (35 bln ringgit) petrochemical complex in Pengerang, Johor, as per Reuters. Financial executives close to the deal say CPC's unit Kuokuang Petrochemical Technology Co, in whixh it holds a 43% stake, will take the lead in building the complex.

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