Sinopec Engineering (Group) Co. has won an 18.67 billion yuan (US$3.1 billion) contract to build one of the world’s largest coal-to-chemical plants in north China, Shanghai Daily reported Sunday, citing a regulatory filing from the firm. Under the deal, Sinopec Engineering — a unit of refining giant Sinopec Group — will be responsible for the engineering, procurement and construction work for a project of Zhong Tian He Chuang Energy Corp., it said. Zhong Tian He Chuang is 38.75 percent owned by Sinopec Corp, the flagship listed unit of Sinopec Group. Upon completion, the facility in Uxin Banner in Ordos, in the Inner Mongolia Autonomous Region, will annually produce 3.6 million tons of olefins, becoming the biggest coal-to-olefin complex in the world, the report said.
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