国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Hengyi Industries, Brunei's Damai enter new JV

(Xinhua) Updated: 2014-02-26 16:22

BANDAR SERI BEGAWAN - Petrochemical giant Hengyi Industries Sdn Bhd (Hengyi) from China announced here Tuesday that the company and Hongkong Tianyi International Holding Company Limited had entered into a Joint Venture Agreement with Damai Holdings Limited, a wholly owned subsidiary of Strategic Development Capital Fund (SDCF), a Brunei government trust sub- fund to undertake the Oil Refinery and Aromatics Cracker Plant Project at Pulau Muara Besar.

Hongkong Tianyi International Holding Company Limited, a wholly owned subsidiary of Zhejiang Hengyi Petrochemical Co Ltd will hold 70 percent equity stake in the joint venture whilst Damai Holdings Ltd will hold the remaining 30 percent. The parties will conduct the project through Hengyi Industries as the joint venture company.

"Hengyi Industries is delighted to join forces with Damai Holdings Limited as our equity partner. This joint venture agreement fits the investment strategy of Hengyi Petrochemical Co Ltd and marks a significant milestone in the development of the petrochemical project at Pulau Muara Besar," remarked Mr Qiu Jian Lin, chairman of Hengyi Petrochemical Co Ltd.

"Our commitment in the Pulau Muara Besar project in Brunei Darussalam has given potential partners in the petrochemical industry much confidence in Hengyi Industries as a responsible and competent operator. The signing of the Joint Venture Agreement with Damai Holdings Limited is a testament to that confidence,"he added.

Hengyi Industries is planning the investment, construction, operations and maintenance of an Integrated Oil Refinery and Aromatics Cracker plant on Pulau Muara Besar. The investment for Phase 1 of the project is expected to amount to approximately $4 billion, creating about 780 job opportunities in the country.

The construction for Phase 1 is scheduled to begin as soon as possible once all conditions for construction are satisfied. Upon completion of Phase 1, the facility will be able to produce petroleum products such as gasoline, diesel, Jet A-1 fuel and petrochemical products such as paraxylene and benzene, which would contribute in extending the value chain of the oil and gas sector in Brunei.

Hengyi Industries, Brunei sign land lease agreement

China to open gas pipeline business to private investors

Hot Topics

Editor's Picks
...
...
博兴县| 思茅市| 冕宁县| 淳安县| 玉田县| 永登县| 福海县| 方正县| 浦北县| 涡阳县| 隆子县| 永寿县| 舟曲县| 临泽县| 乌鲁木齐县| 罗定市| 桑植县| 巴东县| 德州市| 延边| 叶城县| 哈密市| 临潭县| 武山县| 辽阳县| 平定县| 五峰| 通城县| 南陵县| 梨树县| 庐江县| 抚宁县| 淅川县| 通化县| 海南省| 句容市| 大名县| 定南县| 太原市| 织金县| 于都县|