23 June 2008 10:52 [Source: ICIS news]
The company was also building a 600,000 tonne/year acetic acid plant scheduled to come on stream in late 2009, which would ease the tight feedstock situation for its ethyl acetate plant, the source added.
The 600,000 tonne/year methanol plant was the first stage of the company’s project to build a 1.2m tonne/year methanol facility, it said.
The acetic acid plant would be integrated with the methanol facilities at the company’s base in ?xml:namespace>
The company was said to be investing a total of CNY10bn ($1.45bn) in the project.
($1 = CNY6.88)
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