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Sinochem News News on November 30, Lyondell Basel (LYB) announced that it has signed a memorandum of understanding with Sinopec to jointly build a new propylene glycol ether (PGE) plant in Zhenhai, Ningbo, China
According to this non-binding memorandum of understanding, the joint venture will build a new propylene glycol ether (PGE) plant in Zhenhai, Ningbo, China to serve the growing Asian market
Torkel Rhenman, Executive Vice President of LyondellBasell’s Intermediate and Derivatives and Refining Division, said: “Asia is a strategic area for our company