The Linde Group has secured a contract with Sinopec Sichuan Vinylon Works (SVW) to jointly build gas plants and produce industrial gases for the long-term supply to SVW’s chemical complex.
SVW is 100% owned by China Petrochemical and Chemical Corporation (Sinopec) and has the largest natural gas-based chemical complex in China.
The partnership will establish a 50:50 joint venture between Linde Gas (Hong Kong) Limited and SVW, in Chongqing Chemical Industrial Park (CCIP), by June 2009.
The collaboration will result in an initial investment of approximately €50m.
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