23 November 2010 11:20 [Source: ICIS news]
LONDON (ICIS)--Total Petrochemicals’ proposed methanol-to-olefins (MTO) and polyolefins project in ?xml:namespace>
Graeme Burnett, senior vice president for Asia and Middle East, said that when the project first comes on stream, some of the output will be transported from
“But we believe that the inland domestic market will continue to grow, and more and more product will be consumed in the region closer to where it is produced,” he added.
The Chinese government is trying to encourage the development of inland areas, Burnett said.
Brussels-headquartered Total Petrochemicals and Chinese energy group China Power Investment have signed a letter of understanding to study construction of the €2bn-3bn ($2.7bn-4.1bn) complex in coal-rich
Start-up is expected at the end of 2015 or early 2016, depending on how long it takes to gain the necessary government approvals, Burnett told ICIS in a telephone interview. Total Petrochemicals will handle the marketing of the polyolefins, he added.
The project would enable Total Petrochemicals to develop a major petrochemicals platform in
The MTO process, developed with US-based process technology company UOP, converts methanol into ethylene and propylene, as well as heavy olefins, while the OCP technology uses a catalytic process to convert the heavy olefins into additional ethylene and propylene.
The capacities of the proposed
“We are finalising the scope of the project,” he added.
($1 = €0.73)
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