25 August 2008 08:23 [Source: ICIS news]
SINGAPORE (ICIS news)--Japan’s Mitsui Chemicals Inc (MCI) is building a yen (Y) 1.5bn ($13.6m) pilot facility at its Osaka facility to produce methanol from carbon dioxide (CO2), it said on Monday.
Work on the facility, which would have a 100 tonnes/year capacity, was expected to be completed by February 2009 and it would be fully operational by March 2010, it added.
The company would use a new synthesis process to produce methanol from the carbon dioxide emitted from units at the Osaka facility, it said.
MCI added in a statement that the methanol synthesis would be done "using a wide variety of resources, rather than crude oil, as a countermeasure against rising oil prices."
($1 = Y110.6)
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