Rosneft, ChemChina ink a deal for petchem joint venture
Rosneft’s CEO Igor Sechin stated that the FEPCO project will reinforce the partnership and economic ties among the two countries. He also added that beginning the joint venture will allow the two countries to form one of the most advanced petrochemical projects which will directly access the Asia-Pacific market.
Rosneft will have a 60% share in the joint venture and ChemChina will possess the remaining shares.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Lackluster demand outweighs tightness in Asian ABS markets
- Will costs drum up support for a 3rd-month-firming in Europe PET market?
- Import PE markets give softening signals in China, SE Asia
- PVC supplies tight, demand robust across Europe
- China’s local PP, PE markets snap nine-week rally
- Turnarounds keep PP supply tight in SE Asia
- European PP market sees step backs from initial July offers
- Focus turns to August in Turkey: PP and PE players sidelined amid blurry outlook
- SEA PE uptrend intact, yet increases capped by reduced demand
- Taiwanese major hikes Aug PVC offers to Asia as limited availability outweighs monsoon effect