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  • Written on 20.09.2013 - Industry
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CHINA: CNPC, QPI and Shell postpone plans for Taizhou pefinery & PC complex

China National Petroleum Corp. (CNPC), Qatar Petroleum International (QPI) and Shell, unable to find a suitable site, have put on hold plans to build a refinery and petrochemical complex in Taizhou, China, according to several unconfirmed press reports.

Last year the three companies signed a heads of agreement for an USD 11.7 billion joint venture that included construction of a 20 million t/y refinery, a 1.2 million t/y ethylene plant and a berth to accommodate 300,000 t crude carriers.

Source: Weekly "PetroChemical News", Durham, NC, USA; 16 Sept 2013
(Syed Rashid Ali, Karachi, Pakistan)


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