PetroChina Company Limited has had the ground breaking at an 800,000 tpa ethylene plant in Sichuan Province. This is the first ever complex of such scale in China's southwestern region. Total investment will be approximately RMB21 billion. Construction is expected to be completed by 2010. PetroChina owns 51%, Chengdu Petrochemical Co Ltd. owns the remaining 49%.
Output from the plant will effectively meet heavy demands in the under supplied southwestern region and strengthen PetroChina's position in the petrochemicals market. It will also help boost the local economy and provide employment opportunities.
02-Mar-06 
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