China: SINOPEC, Linde Group launch $161m JV

China: SINOPEC, Linde Group launch $161m JV

A pedestrian walks past a China Petroleum & Chemical Corp. (Sinopec) gas station in Hong Kong, China, on Monday, March 17, 2014. Photographer: Brent Lewin/Bloomberg

SINOPEC, the biggest integrated refining and chemical company in China, and The Linde Group, an industrial gases and engineering company, have established a EUR 145 million ($161.8 million) joint venture (JV) to supply vital industrial gases to local customers from key industries such as petrochemical, steel and electronics, within the Ningbo Chemical Industrial Zone in China’s Zhejiang province.

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