29 October 2010 07:37 [Source: ICIS news]
(rejigs fourth to seventh paragraphs and recasts sixth paragraph for clarity)
GUANGZHOU (ICIS)--China’s Pucheng Clean Energy Chemical Co (PCEC) has decided to adopt the second-generation demonstration methanol-to-olefin (DMTO-II) technology developed by Chinese companies for its new methanol-to-olefin (MTO) project, a company source said on Friday.
PCEC was on 27 October granted the license to use the DMTO-II technology, which was developed by domestic entities led by parent company Shaanxi Coal Chemical Group, according to the source.
The DMTO-II technology would be used for commercial production at PCEC’s yuan (CNY) 17.9bn ($2.68bn) MTO project based in Pucheng, Shaanxi province, the source said.
Major facilities at the MTO project include a ?xml:namespace>
All technology processes for the MTO project have been contracted out to date, the source added.
PCEC had earlier selected Wison Engineer to do the basic engineering design of its PE plant, while it tapped Univation Technologies and LyondelBasell as technology providers for the PE and PP processes, respectively.
Construction of the MTO project begun at the beginning of this year and it was scheduled for start up in mid-2013, said the source.
($1 = CNY6.69)
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