Sinopec & Hunan Province Signed Agreement on the Ethylene Refining

Source: www.gulfoilandgas.com 3/22/2022, Location: Asia

Sinopec and Hunan Province signed a cooperation framework agreement on the ethylene refining and chemical integration project in Yueyang, jointly opening a new chapter of enterprise-local cooperation. Ma Yongsheng, Chairman of the Group and Secretary of the Party Leadership Group, and Mao Weiming, Deputy Secretary of the Hunan Provincial Party Committee and Governor, attended the signing ceremony and delivered speeches.

Ma Yongsheng expressed his gratitude to Hunan Province for its long-term support and assistance to Sinopec. He said that over the years, the two sides have adhered to mutual benefit and common development, and have facilitated a number of major petrochemical industry projects, laying a solid foundation for deepening cooperation. The construction of the ethylene refining and chemical integration project is not only a need for the common development of both parties, but also a good deed that benefits the country and the people. It is of great significance to lead the high-quality development of my country's petrochemical industry. It is hoped that both parties will make joint efforts to build and develop the project well, make it a new benchmark and model for enterprise-local cooperation, and better serve local economic and social development.

Mao Weiming thanked Sinopec for its contribution to the economic and social development of Hunan Province. He said that Hunan Province is vigorously promoting the implementation of the "three highs and four new" strategy, seizing the major strategic opportunities for the country to promote high-quality development in the central region in the new era, and focusing on the implementation of key projects. , striving to promote the high-quality development of the local economy and society to take new steps. It is hoped that the two parties will take this agreement as an opportunity to make concerted efforts and close cooperation, and make every effort to promote the early effect of the ethylene refining and chemical integration project and achieve win-win development.

Yu Baocai, deputy general manager of the group company and president of the joint-stock company, and Chen Fei, vice governor of Hunan Province, signed the agreement on behalf of both parties. The relevant person in charge of Yueyang Municipal Government signed the project investment agreement with the principals of Baling Petrochemical and Changling Refinery.


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