26 March 2008 22:09 [Source: ICIS news]
He told the audience at the 2008 World Petrochemical Conference here that more than 90% of PVC and 85% will be coal-based in 2012 compared with 76% PVC and 60% methanol in 2007.
“Once these projects’ operability and economics are proven, there is a high probability that many more similar projects will be built in the country,” he added.
However, Pang noted a number of challenges for these coal-based projects. The majority of projects are in north and west ?xml:namespace>
Coal-based chemicals also generate pollutants in both gaseous and solid forms, added Pang.
Very large capital investments are required, especially in the case of methanol-to-olefins (MTO) plants.
Some of the chemical technologies to be used remain unproven. The MTO and methanol-to-propylene (MTP) plants under construction will be the first commercial units in the world, Pang noted.
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