$15 billion investment on anvil, a Mega-petrochemical complex envisaged – 30 Apr 2016

After a successful run in the PTA business, China's Zhejiang Petrochemical's is all set to invest a massive $15 billion in its upcoming petrochemical complex near Shanghai.

What is interesting is that this massive project is headed by a private-led Chinese group- Rongsheng Holding Group- which is not so common in China.

The R H group has already partnered with many local firms and various state-owned chemical producers to build this giant complex.

The complex will host a big refinery producing 400,000 barrels per day and a ethylene plant, having a capacity of 1.4 million tones a year.