Taiwanese company partners with Sinopec subsidiary to build petrochemical plant in Fujian

17-Dec-15

China's state-run energy giant Sinopec and a Taiwanese firm- Dynamic Ever Investments Ltd, started construction on a petrochemical plant in Fujian province, as reported by Reuters. The plant, located on the Gulei peninsula in Zhangzhou, Fujian province, will process up to 1 mln tons of ethylene when completed. Taiwanese firm Dynamic Ever Investments Ltd has partnered with Fujian Petrochemical Company Limited (FPCL), which is 50% owned by Sinopec Corp, to build the facility, the China Petrochemical News said. The site will includes 16 chemical units and a dock and is expected to be partially completed by 2018.