INDUSTRY BRIEFS

06/16/1997
Petrochemicals Germany's BASF AG will join with Sinochem and Yangtze Petrochemical Corp. to build a petrochemical complex at Nanjing, China. The complex will include a naphtha cracker with 600,000 tons/year of ethylene capacity, arene and butadiene extraction, synthetic gas production, and a power plant. The project's cost is estimated at about $3.5 billion. Mobil Corp. will decide this month whether it will build a world-class petrochemical complex at Sing apore, pending final results of a 1-year feasibility study. Mobil will not base the decision on plans under way by Exxon Corp. to build a $2 billion Singapore petrochemical complex. Whether or not it builds the entir...
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