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Sinopec inks deal with Hebi municipal government to develop a methanol-to-olefins project

13-Aug-10

Sinopec and the Hebi municipal government have inked an agreement to jointly develop a 1.8 mln tpa methanol-to-olefins project. Investment outlay in the first phase of the project will total CNY17 billion (US$2.5 bln). The JV will be formed by the end of next month, and a feasibility study and environmental impact assessment for the project is to be completed before the end of the year.

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