China Petroleum & Chemical, or Sinopec, will invest CNY2.11 billion to build two chemical facilities in Shanghai.China Petroleum & Chemical, or Sinopec, will invest CNY CNY In currencies, this is the abbreviation for the China Renminbi. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.11 billion to build two chemical facilities in Shanghai. Sinopec said that one of the two facilities is a CNY640 million butadiene butadiene (by  t'ədī`ēn), colorless, gaseous hydrocarbon. There are two structural isomers of butadiene; they differ in the location of the two carbon-carbon double bonds in the styrene sty·renen. A colorless oily liquid from which polystyrenes, plastics, and synthetic rubber are produced. Also called vinylbenzene. rubber plant with an annual capacity of 100,000 metric tons. The plant will be the largest of its kind in China. The other facility is a CNY1.47 billion acrylonitrile butadiene styrene Acrylonitrile butadiene styrene, or ABS, (chemical formula (C8H8· C4H6·C3H3N)n) is a common thermoplastic used to make light, rigid, molded products such as piping, musical instruments (most resin plant. The project will adopt polymerizing technology provided by Dow Chemical and consists of three production lines with an annual capacity of 75,000 metric tons each. The two facilities will be managed by Sinopec Shanghai Gaoqiao, a unit of Sinopec. |
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