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China Sinopec to acquire PX division of Taiwan’s Xianglu Group

by ChemOrbis Editorial Team -
  • 27/11/2015 (18:08)
According to media reports, China’s state owned Sinopec is currently in talks with Taiwan’s Xianglu Group to acquire an 80% stake in the group’s Dragon Aromatics Company.

Dragon Aromatics’ PX plant at Zhangzhou, Fujian province, which houses two PX units with a total production capacity of 1.6 million tons/year, has been shut since April 6 due to an explosion which caused a large fire at the site. The case is still under investigation, reported market sources.
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