CHINA, TAIWAN FIRM SCHEDULE ETHYLENE PLANT

China has approved an ethylene project by Taiwan Plastic Corp. (TPC) in Beijing's biggest deal with a foreign firm, Japan's Kyodo News Agency reported. Meanwhile, China has completed building four ethylene plants with combined capacity of 1.2 million metric tons/year, said China's Xinhua News Agency. Quoting sources in Hong Kong, Kyodo said the deal with TPC is seen as pivotal to expanding ties between China and Taiwan.

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