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SNP China Petroleum and Chemical Corp

45.66
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Name Symbol Market Type
China Petroleum and Chemical Corp NYSE:SNP NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 45.66 0 01:00:00

BASF, SINOPEC to Build Isononanol Plant in Maoming, China

24/01/2014 7:58am

Dow Jones News


China Petroleum and Chem... (NYSE:SNP)
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Germany's BASF (BAS.XE) and its Chinese joint venture partner SINOPEC will build an isononanol plant in Maoming, China, serving increased demand for next-generation plasticizers.

MAIN FACTS:

-Financial details of the new 50-50 joint venture company, BASF MPCC Co Ltd., weren't disclosed.

-The new plant, which is expected to start in 2015, will bring around 100 new jobs in Maoming.

-BASF and SINOPEC already operate a joint venture company, BASF-YPC Co., in Nanjing, China

-Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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