Sinopec Group plans to invest 100 bln yuan to develop petrochemical industry in Fujian

Sinopec Group plans to invest 100 billion yuan to develop the petrochemical industry in Fujian province over the next 10 years, for which it has inked an agreement with the Fujian provincial government, as per Oriental Morning Post. Sinopec Group will help Fujian Lianhe Petrochemical solve technical problems in its ethylene factories, expand capacity at the oil refineries of Sinopec Fujian Refinery Industry and Gulei Refinery Industry. Sinopec Group will also build a sales network of refined oil, natural gas and caprolactam.
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