24 July 2006 09:28 [Source: ICIS news]
SINGAPORE (ICIS news)--A proposed coal-to-olefins (CTO) joint venture project between the Shenhua Group and Dow Chemical could produce 1m tonnes/year of olefins, a source close to the project said on Monday.
The coal-based project at Yulin, ?xml:namespace>
Both companies are still working on the details of the joint venture and they have yet to seek government approval, he said. However, the project is unlikely to be affected by the recent government clampdown on CTO projects as its capacities meet the official requirement, he added.
In an effort to cool coal chemical investments,
The Shenhua Group, a Chinese coal major, and Dow Chemical agreed to evaluate the feasibility of coal-to-olefins projects in
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