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Wison Engineering signed three procurement and construction contracts with SP Chemicals for a 400,000 tpa VCM project, 500,000 tpa PVC project, and 310,000 tpa HIPS project in Taixing, China. The contract value is approximately RMB 2 billion.
Ineos has announced a long-term supply agreement to ship U.S. shale gas ethane to SP Chemicals for a new ethylene cracker in Taixing, Jiangsu, China. The deal includes construction of the first 95,000 cubic meter ethane carrier, to be delivered in 2019.