28 Jul '11, 12pm

China's Sinopec builds $108m plant in Singapore - Straits Times Singapore #TEAMFOLLOWBACK

China's Sinopec builds $108m plant in Singapore - Straits Times Singapore #TEAMFOLLOWBACK

China's largest integrated energy and chemical company, Sinopec, is building a 580-million yuan (S$108.3-million) lubricant plant in Singapore - its first such investment outside the mainland. -- PHOTO: CHINA FOTO PRESS CHINA'S largest integrated energy and chemical company, Sinopec, is building a 580-million yuan (S$108.3-million) lubricant plant in Singapore - its first such investment outside the mainland. A groundbreaking ceremony was held on Thursday at the Tuas site for the 40,000 sq ft plant. The venture is a joint effort between Singapore's Economic Development Board, industrial landlord JTC Corp and Sinopec. Sinopec, the world's second largest refiner and fourth largest ethlyene producer was ranked fifth in this Fortune's 2011 global ranking of top 500 companies. Sinopec Lubricant Co, a wholly-owned unit of Sinopec Group, is China's largest high-end lubricant manu...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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