Sinopec JV gets funding

09:05, January 19, 2010      

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Saudi Basic Industries Corp (SABIC) said its joint venture with Sinopec has obtained financing worth a total of $2.68 billion for their Tianjin petrochemical complex.

SABIC also said it has started trial operations of an ethylene plant and other plants in the Tianjin complex, which has a production capacity of 3.2 million tons per year.

Source: China Daily
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