A refinery and petrochem complex has been planned by PetroChina, Royal Dutch Shell and Qatar plan in Taizhou. The complex, planned at an investment outlay of 80 bln yuan will have an initial capacity of 400,000 bpd and an ethylene unit of 1.2 mln tpa. The project plan has been placed before the National Development and Reform Commission for approval. PetroChina will hold a 51% stake, and Shell and Qatar will hold 24.5% each in the JV.
05-Aug-09 
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