Sinochem International to Joint Venture 350,000 Tons of Phenol Acetone Project

On December 1, Sinochem signed a tripartite strategic cooperation agreement with Yangzhou City Government and Jiangsu Yangnong Chemical Group Co., Ltd.

According to the agreement, Sinochem International will jointly promote industrial capital cooperation, technical market cooperation and major project construction cooperation with Yangon Group. Sinochem International also signed a project cooperation agreement with Yangnong Group. The two parties will jointly establish a 350,000-ton phenol and acetone and 120,000-ton bisphenol A project in Yangzhou Chemical Park. The project is planned to be completed by the end of 2013.

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