China Approves Plans for $20B Refinery, Petrochemical Complex
China approved a $20 billion petrochemical project in eastern Shandong province, Reuters reported on Tuesday, citing two industry sources familiar with the approval process. China’s National Development & Reform Commission (NDRC) approved the Shandong Yulong Petrochemical project on Monday, Reuters’ sources said. The project, which includes a 400,000 barrel-per-day refinery and a 3 million tonne … Read more