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Sino-Kuwait Oil Refining Project to move to Zhanjiang Donghaidao

UserPost

8:46 am
May 20, 2010


admin

Admin

posts 215

Zhanjiang Donghaidao was finally chosen as the site for Sino-Kuwait
Oil Refining Project by State Reform and Development Commission on May
14, according to Nanfang Daily.

The
construction site of Donghaidao Bridge

Zhanjiang has kicked off preparatory work for this mega project, with
a total budget of 60 billion RMB. This project is said to be China's
biggest joint venture with a capacity of refining 15 million tons of oil
and producing 1 million tons of ethylene per year.

Zhanjiang Party Secretary Chen Yaoguang said, the project will quest
the province's thirsty for oil and in long term, stimulate the local
logistics, service, plastics, color printing, electronics-related
chemistry, agricultural chemistry, pharmacy and building material
developments.


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