LONDON : Spanish company Cepsa is considering the sale of a chemical plant in Shanghai as the oil and gas company pivots to a greener strategy across its various business lines, according to three sources familiar with the situation.A sale would see Cepsa's exit from China and comes after the company aban
LONDON : Spanish company Cepsa is considering the sale of a chemical plant in Shanghai as the oil and gas company pivots to a greener strategy across its various business lines, according to three sources familiar with the situation.
To accelerate and finance the strategy, the company has sold fossil fuel assets, including the March divestment of offshore fields in the United Arab Emirates to French oil company TotalEnergies. Phenol, acetone and cumene are utilised in the manufacturing of consumer plastic products and paint and coating solvents.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive-China's Xi tells Bill Gates he welcomes US AI tech in ChinaHONG KONG : Chinese President Xi Jinping discussed the global rise of artificial intelligence (AI) with Bill Gates and said he welcomed U.S. firms including Microsoft to bring their AI tech to China, two sources familiar with the talks said.Xi also discussed Microsoft's business development in China durin
Read more »
Exclusive-China's Xi tells Bill Gates he welcomes US AI tech in China-sourcesHONG KONG :Chinese President Xi Jinping discussed the global rise of artificial intelligence with Bill Gates on Friday and said he welcomed U.S. firms including Microsoft bringing their AI tech to China, two sources familiar with the talks said.Xi also discussed Microsoft's business development in China durin
Read more »
Philippines says China's Yadea to invest $1 billion in EV battery plantMANILA : China's Yadea Group Holdings, one of the world's biggest electric two-wheeled vehicle makers, plans to invest about $1 billion in a battery factory in the Philippines, the country's investment promotions agency chief said on Thursday.Yadea is one of a several electric vehicle manufacturers lookin
Read more »
Micron says committed to China, invests $602 million in existing plantBEIJING :U.S. memory chipmaker Micron said on Friday it was committed to China and would invest 4.3 billion yuan ($603 million) over the next few years in its chip packaging facility in the Chinese city of Xian. The company has been targeted by China's cyberspace regulator, which last month said the firm, th
Read more »
Micron says it's committed to China, invests US$602 million in existing plantBEIJING: US memory chipmaker Micron said on Friday (Jun 16) it was committed to China and would invest 4.3 billion yuan (US$603 million) over the next few years in its chip packaging facility in the Chinese city of Xian. The company has been targeted by China's cyberspace regulator, which last month said t
Read more »
Micron says it is committed to China, invests $602 million in plantSHANGHAI :U.S. memory chipmaker Micron said on Friday it was committed to China and would invest 4.3 billion yuan ($603 million) over the next few years in its chip packaging facility in the Chinese city of Xian. The company has been targeted by China's cyberspace regulator, which last month said the firm, t
Read more »