Zhuhai Port Ups Chemical Formula

Zhuhai Port Holding announced today that Zhuhai BP Chemical Co’s project of building the third PTA plant has received the approval from NDRC and it has also received approval from the Ministry of Commerce to raise the registered capital of Zhuhai BP Chemical Co in order to further support the project.

Zhuhai BP Chemical is a joint venture between BP (85%) and Zhuhai Port (15%). Zhuhai Port said the shareholders of Zhuhai BP Chemical have decided to increase the registered capital of the company by $211m in which Zhuhai Port will invest $31.65m.

(sinoshipnews.com, edited by Topco)