07 April 2010 10:08 [Source: ICIS news]
GUANGZHOU (ICIS news)--China’s Henan Coal Chemical Group and Tongliao Jinmei Chemical Industry plan to jointly build several coal-based monoethylene glycol (MEG) plants with a total capacity of 1.8m tonne/year in Henan province, a company source said on Wednesday.
The construction of three MEG plants, each with a capacity of 200,000 tonnes/year, was started in November 2009 at Shangqiu, ?xml:namespace>
Construction of another 200,000 tonne/year MEG plant at
The remaining plants, with a total capacity of 1m tonnes/year, were still in the planning stage and their locations had not been finalised yet, the source said.
The entire project was expected to be complete within the next five years, according to the source.
The companies were also planning to build a 400,000 tonne/year MEG plant at Tongliao in the
Each firm would hold a 50% stake in every individual plant, the companies said in their statements.Coal, which is more cost-effective than crude oil, would be used as feedstock for the project, the companies added.
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