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State-owned energy giant Sinopec Corp.is now in advanced talks on taking a controlling stake in petrochemical firm Dragon Aromatics,which operates one of the country’s biggest chemical plants.The discussions come after the independent petrochemical firm suffered a second major fire in less than two years at the US$3billion plant in Fujian.It is reported that the local authorities want Sinopec to participate before allowing the plant to reopen.The second fire at the plant took place in April this year and
State-owned energy giant giant Sinopec Corp. now in advanced talks on taking a controlling stake in petrochemical firm Dragon Aromatics, which operates one of the country’s biggest chemical plants. The discussions come after the independent petrochemical firm suffered a second major fire in less than than two years at the US $ 3billion plant in Fujian.It is reported that the local authorities want Sinopec to participate before allowing the plant to reopen. The second fire at the plant took place in April this year and