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China Petroleum & Chemical Corp. (SinopecCorp.) and Mitsui Chemicals, Inc. announcedon November 2nd that they have reached afundamental agreement concerning phenol andethylene-propylene-diene terpolymer(EPDM) projects in Shanghai. The investmentsfor the two operations are expected tobe approximately US$666 million.The two companies signed an agreement inApril 2006 to form the equal joint ventureShanghai Sinopec Mitsui Chemicals Co., Ltd.
China Petroleum & Chemical Corp. (Sinopec Corp.) and Mitsui Chemicals, Inc. announced on November 2nd that they have reached a consensus on phenol andethylene-propylene-diene terpolymer (EPDM) projects in Shanghai. The investments for the two operations are expected to approximately have US $ 666 million.The two companies signed an agreement inApril 2006 to form the equal joint ventureShanghai Sinopec Mitsui Chemicals Co., Ltd.