Guangdong Province to Invest $43.5 Billion in Refining and Ethylene Production

BEIJING--July 16, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--The government of southern China's Guangdong Province has announced plans to invest $43.5 billion in the next five to seven years to increase its refining capacity. The projects will include refineries and ethylene-production plants, including a 150 million-ton-per-year integrated refining-chemical project between China and Kuwait by China Petroleum & Chemical Corporation (NYSE:SNP) (Sinopec) (Beijing).