Britain's INEOS to build 600,000-tonne petrochemical plant in China
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BEIJING (Reuters) - A subsidiary of British chemical giant INEOS Group [INEOSG.UL] will build a plant with an annual capacity of 600,000 tonnes of acrylonitrile butadiene styrene (ABS), a lightweight plastic used in automobiles and electrical appliances, in China.The plant, to be located in Ningbo city in Zhejiang province, will be one of a dozen petrochemical-manufacturing plants in the region, as China is pushing to expand its petrochemical capacity to meet the increasing demand.The..