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Taizhou Development and Reform Commission agreed in principle to the construction of large petrochemical projects
June 21 hearing Taizhou major petrochemical projects have been agreed in principle to the State Development and Reform Commission, or will become the largest since the founding of Zhejiang Province, China's largest single foreign investment industrial projects.

It is understood that the total investment of 80 billion yuan, 51 per cent stake in the oil, Shell and Qatar Petroleum International holding 24.5%, respectively, oil source came from Qatar. Including 20 million tons / year refinery and 1.2 million tons / year of ethylene and 300,000-ton crude oil terminal and other projects, when completed, is expected to achieve annual sales income of 100 million and add 300 billion yuan and related downstream industries sales.

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