SEHK:386Oil and Gas
China Petroleum & Chemical (SEHK:386) Could Be 80% Undervalued As PVA Capacity Comes Online
China Petroleum & Chemical stock reaction to new PVA capacity
China Petroleum & Chemical (SEHK:386) has completed commissioning of a specialty polyvinyl alcohol facility at Chongqing SVW Chemical, creating the world’s largest single site for high end PVA production capacity.
The new 50,000 metric ton unit takes total site capacity to 210,000 metric tons a year and supports materials used in photovoltaics, electronics, optical films and pharmaceuticals, with first shipments already sent to...