Russia’s Rosneft and China’s CEFC to build new petchem complex
by ChemOrbis Editorial Team - content@chemorbis.com
According to a press release on the company’s website, Russia’s Rosneft and CEFC China Energy signed a strategic cooperation agreement to construct a petrochemical complex in Hainan, South China.
Under the agreement, both parties are expected to carry out a joint preliminary study on the possible complex and analyze the supply of feedstock for the envisaged complex.
The companies did not disclose any financial details of the agreement at the time of publication.
Under the agreement, both parties are expected to carry out a joint preliminary study on the possible complex and analyze the supply of feedstock for the envisaged complex.
The companies did not disclose any financial details of the agreement at the time of publication.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Asian PET markets in limbo between high costs and tepid demand
- India PVC sentiment improves further despite lower Aug offers from Taiwan
- Asian ethylene, propylene prices remain bullish but caution lingers
- African PP, PE markets offer mixed bag for July
- European PVC suppliers seek hikes for 14th straight month in July
- Turkey’s PP markets rise around 10% in a month
- India PVC sees first hike attempts after weeks of declines
- Import PE increases lose momentum in China, except for LDPE
- Downtrend continues into July in Mid-Eastern PP, PE markets
- Pace of PS drops in Asia slackens; ABS downtrend in full swing
