Fund-raising for $ 6 bn Sino-German petrochemical JV

Dec 18, 1996 01:00 AM

Representatives of nine Chinese banks have recently gathered in Nanjing, capital of east China's Jiangsu Province to launch a domestic fund-raising program for a giant Sino-German petrochemical joint venture to be built in the city. According to an earlier report, the Yangzi Petrochemical Corporation and German Basf signed a letter of intent to jointly establish a petrochemical plant with an investment of 50 bn yuan (about $ 6 bn). Yangzi Petrochemical and Basf will each have a 50 % interest in the project. The joint venture, which is to be built at the Yangzi Petrochemical base, will produce 600,000 tons of ethylene a year and turn out other products. The joint venture will turn the Yangzi Petrochemical into the country's largest ethylene producer, with annual ethylene output expected to reach 1 mmt. Both sides have agreed to raise funds from the international money market, as well as money markets in China and Germany. Fund-raising was conducted in Germany in October this year.

Source: not available
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« October 2016 »
October
MoTuWeThFrSaSu
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31

Register to announce Your Event

View All Events