China’s Xinjiang Guanghui plans $988m coal-based chem project

05 November 2009 09:42  [Source: ICIS news]

GUANGZHOU (ICIS news)--China’s Xinjiang Guanghui Industry plans to construct a coal-based chemical complex to produce methanol, dimethyl ether (DME) and liquefied natural gas (LNG) at Hami in the northwestern region of Xinjiang, a company source said on Thursday.

The yuan (CNY) 6.75bn ($988m) complex would yield 1.2m tonnes of  methanol, 800,000 tonnes of DME, 550m cubic metres of LNG and 220,000 tonnes of other coal by-products annually, according to the source.

Construction of the project would last around three years, the source said, adding that the facility is expected to receive final approval very soon.

“We only lack one permit now and will get that soon,” he said.

Xinjiang Guanghui Industry would supply the feedstock to the chemical complex from its own coal mines in the area, according to the source.

The Shanghai-listed company is engaged in a diversified range of businesses from mining to new energy to property development.   

($1 = CNY6.83)

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By: Fanny Zhang
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