Mubadala forms JV in China for petroleum coke facility

3 November 2011: Abu Dhabi-based Mubadala has formed a Joint Venture with the Jiangsu Surun High Carbon Co (Surun) to build a petroleum coke facility in Zhenjiang, China that could start production late next year. The JV, called Suyadi, will help supply aluminium smelting plants in the UAE without giving any investment cost details. Construction is expected to start towards the end of 2011, with first production set for export by the end of 2012.

Source: Ameinfo