Eric Watkins
Senior Correspondent
LOS ANGELES, Nov. 7 -- China Petrochemical Corp. reported it will start operations at a new refinery in southern China by mid-2006, according to a senior official.
Wang Jiming, CPC deputy chairman, said the plant in Hainan Province will start operations in June 2006. The plant's production of 7 million tonnes/year of oil and chemical products will help to meet demand growth in Hainan and the Pearl River Delta region.
Construction of the refinery was launched in April 2004. Total investment for the plant is estimated at $1.23 billion.
Contact Eric Watkins at [email protected].
