18 December 2006 05:17 [Source: ICIS news]
SINGAPORE (ICIS news)--Shenhua Group, the Chinese coal major, has received the final approval from the central government for its $1.5bn methanol-to-olefins (MTO) project in Inner Mongolia province, a company official said on Monday.
The company earlier obtained approval to build the project’s coal-based 1.8m tonne/year methanol feedstock unit at
The latest approval was for the MTO unit, which will produce 600,000 tonnes/year of olefins.
Joint venture company Baotou Shenhua Coal Chemical will operate the project, the official said.
Shenhua had increased its stake to 76% from 51% after
Shenhua has two other coal-to-olefins (CTO) projects in the pipeline. The company signed an agreement with Dow Chemical in December 2004 to conduct a feasibility study for a CTO project at
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