Sinopec to invest CNY 2.11 billion in Shanghai

China Petroleum & Chemical Corp. (Sinopec Corp.) will build two chemical facilities in Shanghai at an investment outlay of CNY 2.11 billion, to be managed by Sinopec Shanghai Gaoqiao Co., a unit of Sinopec Corp. One of the two will be a CNY640 million butadiene styrene rubber plant with a capacity of 100,000 metric tpa, making it the largest of its kind in China. The other facility is a CNY1.47 billion acrylonitrile butadiene styrene resin plant, consisting of three lines with a capacity of 75,000 tpa each. The project will adopt polymerizing technology provided by Dow Chemical Co. (DOW)
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