Chevron Phillips Chemical Company LP Enters Into New Licensing Agreement In China

16-Jan-2004
In an accord signed in Beijing, China, Chevron Phillips Chemical Company LP (Chevron Phillips Chemical) licensed its loop slurry technology to China Petrochemical International Company Ltd. (Sinopec) for the construction of a new 350,000 metric tons per year high density polyethylene plant. The new loop reactor facility will be located at Sinopec's Maoming Petrochemical complex in the Guangdong Province, China. The financial terms of the proprietary licensing agreement were not disclosed.

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